New Academy
New Academy reported $20.4 million in revenue and $20.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.70 went to program services, $11.30 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 98.1% of the total. Government grants made up 98.0%. The highest compensation it reported for one person was $198,260 (TEACHER). 10 people received more than $100,000 in reportable compensation. Revenue rose 67% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $20M- Contributions & grants (non-government)$0.13 $27,343
- Government grants$97.89 $20M
- Program service revenue$0.46 $93,686
- Investment income$1.52 $311K
Other revenue was negative: −$13,665. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 98.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 98.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $198,260 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.97% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 10 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseOperation of two (2) public charter schools providing classroom-based instruction to students in grades tk to 5: n.e.w. Academy canoga park and n.e.w. Academy of science and arts. Together, New Academy has three specific performance objectives:(1) to promote student progress in academic and artistic achievement, with an emphasis in the arts and sciences,(2) to develop social, as well as community ethics and values in the students' character development with parental participation, and(3) to implement the most appropriate curriculum for every child after initial assessment
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| TEACHER Highest compensated employee, 40.00 hrs/week | $160,833 | $0 | $37,427 | $198,260 |
| PRINCIPAL - NACP Highest compensated employee, 40.00 hrs/week | $149,567 | $0 | $41,366 | $190,933 |
| PRINCIPAL - NASA Highest compensated employee, 40.00 hrs/week | $132,348 | $0 | $34,526 | $166,874 |
| DIRECTOR OF OPERATIONS Highest compensated employee, 40.00 hrs/week | $116,301 | $0 | $49,222 | $165,523 |
| PSYCHOLOGIST/COUNSELOR Highest compensated employee, 40.00 hrs/week | $132,858 | $0 | $25,361 | $158,219 |
10 people received more than $100,000 in reportable compensation from New Academy (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 590
- Volunteers Part I, line 67
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| NEW ECONOMICS FOR WOMEN Rents/afterschool services | $1,354,861 |
| SCHOOL NUTRITION PLUS INC Food services | $793,046 |
| COMPREHENSIVE THERAPY ASSOCIATES INC Special education | $665,578 |
| BREA NETWORKS Technology | $278,703 |
| EDTEC Business services | $270,000 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from New Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Academy, you can publish a response that is linked from this page.
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Of every $100 New Academy spent in FY2025, $88.70 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Associated Students of California State University ChicoChico, CA · revenue $20M · programs 88.2% · FY2025
- LSU Real Estate and Facilities FoundationBaton Rouge, LA · revenue $20M · programs 95.0% · FY2025
- Worcester City Campus Corporation GroupWestborough, MA · revenue $20M · programs 99.9% · FY2025
- Blackburn UniversityCarlinville, IL · revenue $20M · programs 79.3% · FY2025
- Covenant Knights SchoolDallas, TX · revenue $20M · programs 70.5% · FY2025
Questions people ask
How much of New Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, New Academy reported that 88.7% of its $20.4 million in expenses went to program services, 11.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does New Academy pay its top executive?
The largest total compensation New Academy reported for one person in the fiscal year ending June 30, 2025 was $198,260, for the role of TEACHER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Academy get its money?
Of $20.4 million in revenue in the fiscal year ending June 30, 2025, 98.1% came from contributions and grants (including 98.0% from government grants) and 0.5% from program service revenue (Form 990, Part VIII).
Is New Academy a registered charity?
The IRS lists EIN 20-0201111 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611339349307956 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349300919 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349305433 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301179349301290 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202230959349301288 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121339349302867 · read the filing
All filings for EIN 20-0201111: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.