Quick charity verification for The New School (EIN: 133297197)
Verdict: The New School shows mixed signals
65/100Mission Score
$760.2MRevenue
$1.7BAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits (e.g., $10.9M in 2023, $1.6M in 2022) indicate expenses frequently exceed revenues.
Officer compensation consistently reported as 0% across all filings, which is unusual for an organization of this size and impacts transparency.
Significant and growing liabilities, reaching over $1.1 billion in recent years, warrant scrutiny regarding financial risk.
Strengths
Substantial and growing asset base, reaching over $1.7 billion in 2023, provides significant financial stability.
Long history of IRS 990 filings (12 filings) indicates consistent compliance and reporting.
Large scale of operations with over $600 million in annual revenue demonstrates significant impact and reach.
Spending Breakdown
How The New School allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about The New School
Is The New School a legitimate charity?
Based on AI analysis of IRS 990 filings, The New School (EIN: 133297197) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is The New School a good charity to donate to?
The New School has a Mission Score of 65/100. Revenue: $760.2M. Assets: $1.7B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The New School?
The Employer Identification Number (EIN) for The New School is 133297197. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does The New School spend its money?
The New School allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The New School's tax-exempt status?
You can verify The New School's tax-exempt status using EIN 133297197 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The New School demonstrates a consistent pattern of operating with expenses often exceeding revenue, as seen in fiscal year 2023 where expenses were $613,832,450 against revenues of $602,901,362, and in 2022 with expenses of $627,131,831 against revenues of $625,459,245. This trend suggests a reliance on existing assets or other funding sources to cover operational costs. The organization maintains substantial assets, reaching $1,706,553,269 in 2023, which provides a strong financial cushion despite the operational deficits. Liabilities have also been significant, peaking at $1,152,338,742 in 2022, indicating considerable debt or other financial obligations.
While the financial scale is large, the consistent operational deficits warrant closer examination to understand their sustainability and impact on long-term financial health. The absence of reported officer compensation in the provided data for all periods is unusual for an organization of this size and could indicate that compensation is reported differently or falls under other expense categories, which impacts transparency regarding executive pay. Further detail on how compensation is categorized would enhance transparency.
Overall, The New School appears financially stable due to its substantial asset base, but its recurring operational deficits suggest a need for careful management of expenses relative to revenue. The lack of specific officer compensation data in the provided filings is a notable gap in transparency.