New School

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New School Form 990, Revenue, CEO Pay, and IRS Filing Signals

New School is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New School in one place.

Is New School Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, New School shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

New School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About New School

New School (EIN: 10547297) is a nonprofit organization based in Kennebunk, ME, classified under NTEE code B25. The organization reported total revenue of $707K and total assets of $618K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

New School is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, New School reported a deficit of $42K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 89.4% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), New School's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New School with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, New School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $42K, with expenses exceeding revenue.
• Debt-to-asset ratio: 89.4%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly unusual for an organization with over $600,000 in annual revenue and suggests a volunteer-driven leadership model.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of New School's IRS 990 filings:

• Expenses frequently exceed revenue, as seen in 2023 ($673,009 expenses vs. $631,394 revenue) and other periods.
• Increasing liabilities, reaching $613,091 in 2023, which could strain future financial flexibility.
• 0% officer compensation, while potentially efficient, could indicate a lack of professional leadership or reliance on unsustainable volunteer efforts for key roles.

Strengths

The following positive indicators were identified for New School:

• Consistent revenue growth over the past decade, from $378,943 in 2014 to $631,394 in 2023.
• Long operational history with 13 IRS 990 filings, indicating stability and commitment.
• Strong asset base, growing to $685,763 in 2023, providing some financial cushion.

Frequently Asked Questions about New School

Filing History

IRS 990 filing history for New School showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New School's revenue has grown by 63.9%, moving from $385K to $631K. Total assets increased by 22.6% over the same period, from $559K to $686K. Total functional expenses rose by 108.8%, from $322K to $673K. In its most recent filing year (2023), New School reported a deficit of $42K, with expenses exceeding revenue. The organization holds $613K in liabilities against $686K in assets (debt-to-asset ratio: 89.4%), resulting in net assets of $73K.

Year-by-Year Financial Summary

• 2023: Revenue of $631K, expenses of $673K, and assets of $686K (revenue +16.8% year-over-year).
• 2022: Revenue of $541K, expenses of $512K, and assets of $662K (revenue +35.3% year-over-year).
• 2021: Revenue of $400K, expenses of $441K, and assets of $647K (revenue -4.9% year-over-year).
• 2020: Revenue of $420K, expenses of $441K, and assets of $726K (revenue -2.9% year-over-year).
• 2019: Revenue of $433K, expenses of $425K, and assets of $548K (revenue -1.9% year-over-year).
• 2018: Revenue of $441K, expenses of $424K, and assets of $545K (revenue +0.3% year-over-year).
• 2017: Revenue of $440K, expenses of $427K, and assets of $527K (revenue +12.7% year-over-year).
• 2016: Revenue of $390K, expenses of $406K, and assets of $513K (revenue +2.8% year-over-year).
• 2015: Revenue of $380K, expenses of $392K, and assets of $556K (revenue +0.2% year-over-year).
• 2014: Revenue of $379K, expenses of $377K, and assets of $586K (revenue +7.9% year-over-year).
• 2013: Revenue of $351K, expenses of $318K, and assets of $571K (revenue +10.7% year-over-year).
• 2012: Revenue of $317K, expenses of $302K, and assets of $540K (revenue -17.6% year-over-year).
• 2011: Revenue of $385K, expenses of $322K, and assets of $559K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for New School:

Data Sources and Methodology

This transparency report for New School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.