New School

New School shows revenue growth but faces recurring deficits and increasing liabilities.

EIN: 10547297 · Kennebunk, ME · NTEE: B25 · Updated: 2026-03-28

$707KRevenue

$618KAssets

75/100Mission Score (Good)

B25

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.

AI Transparency Report

New School demonstrates a consistent operational history with 13 filings, indicating a stable presence. The organization has shown growth in revenue, increasing from $378,943 in 2014 to $631,394 in 2023. However, the latest filing (202306) shows expenses ($673,009) exceeding revenue ($631,394), resulting in a deficit for that period. This trend of expenses occasionally surpassing revenue is also visible in earlier years (e.g., 202106, 202006, 201606), suggesting a need for careful financial management to ensure long-term sustainability. The organization's assets have fluctuated but generally show an upward trend, reaching $685,763 in 2023, while liabilities have also increased, reaching $613,091 in the same period. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which can be a positive indicator of efficiency and dedication to mission, though it also raises questions about the sustainability of leadership without compensation.

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.

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

Is New School financially sustainable given recurring deficits?

New School has experienced periods where expenses exceeded revenue, notably in 2023 ($673,009 expenses vs. $631,394 revenue). While assets have grown, the recurring deficits and increasing liabilities ($613,091 in 2023) suggest a need for careful financial planning to ensure long-term sustainability.

How does New School manage without paid officer compensation?

The consistent reporting of 0% officer compensation across all 13 filings indicates a volunteer-led or highly dedicated uncompensated leadership. This structure can be efficient but may pose challenges for long-term leadership stability and professional development.

What is the trend in New School's net assets?

New School's net assets (Assets minus Liabilities) have fluctuated. In 2023, net assets were $72,672 ($685,763 - $613,091), which is lower than some previous years (e.g., $118,034 in 2022). This indicates that while total assets have grown, liabilities have also increased, impacting the organization's net worth.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$631K	$673K	$686K	$613K	—	—
2022	$541K	$512K	$662K	$561K	—	View 990
2021	$400K	$441K	$647K	$554K	—	View 990
2020	$420K	$441K	$726K	$628K	—	View 990
2019	$433K	$425K	$548K	$431K	—	View 990
2018	$441K	$424K	$545K	$443K	—	—
2017	$440K	$427K	$527K	$451K	—	View 990
2016	$390K	$406K	$513K	$455K	—	View 990
2015	$380K	$392K	$556K	$468K	—	View 990
2014	$379K	$377K	$586K	$480K	—	View 990
2013	$351K	$318K	$571K	$480K	—	View 990
2012	$317K	$302K	$540K	$489K	—	View 990
2011	$385K	$322K	$559K	$521K	—	View 990

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.

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.