New Roads School

Analysis

New Roads School is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Roads School reported income of $28.0m and spending of $33.8m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.5m to $28.0m (+9.7%), an average of +2.3% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Roads School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Chattanooga Christian School Inc ($28.0m), Kindezi School Inc ($28.0m) and New Hampton School ($28.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $639k (1.9% of expenses). Other salaries and wages came to $14.1m. It paid $21k in professional fundraising fees. At year end it held assets of $73.0m against liabilities of $42.7m, net assets of $30.3m. It reported 145 employees.