New Schools Fund
2648 International Blvd Ste 301, Oakland, CA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $41,832,970 | $36,108,555 | $69,224,371 |
| FY2023 | $49,069,499 | $54,520,195 | $63,945,145 |
| FY2022 | $74,508,851 | $59,432,356 | $68,568,961 |
| FY2021 | $41,218,694 | $46,697,486 | $53,999,304 |
| FY2020 | $65,331,687 | $42,336,876 | $77,916,872 |
| FY2019 | $56,208,683 | $43,566,897 | $55,032,955 |
| FY2018 | $39,455,453 | $35,278,239 | $43,012,028 |
| FY2017 | $36,577,155 | $35,697,020 | $37,602,792 |
| FY2016 | $94,927,374 | $91,535,318 | $37,267,708 |
| FY2015 | $56,176,269 | $54,355,742 | $37,066,638 |
| FY2014 | $23,611,374 | $31,685,370 | $37,518,108 |
| FY2013 | $30,864,982 | $24,511,328 | $45,465,085 |
| FY2012 | $24,880,490 | $28,669,787 | $39,158,274 |
| FY2011 | $4,577,523 | $12,322,663 | $42,990,351 |
Form 990 filings
The returns filed by New Schools Fund (EIN 94-3281780), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $40,294,988 | 96% |
| Program service revenue | $0 | 0% |
| Other revenue | $1,537,982 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $31,240,752 | 87% |
| Management & general | $4,084,971 | 11% |
| Fundraising | $782,832 | 2% |
What the numbers show
- Contributions & grants made up 96% of total revenue in FY2024.
- Program services accounted for 87% of functional expenses, management & general 11%, and fundraising 2%.
- 87% of functional expenses went to program services in FY2024. That is higher than 63.3% of 581 Education organizations in CA.
- Net assets covered about 23 months of expenses at the end of the reporting year. That puts it in the 66th percentile among 7211 Education organizations in CA.
- Total revenue was higher than 97.5% of 7388 Education organizations in CA.
- Total revenue rose from $4,577,523 in FY2011 to $41,832,970 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2011, FY2012, FY2014, FY2021, FY2023).
- The highest revenue on record here is $94,927,374 in FY2016.
- Net assets grew from $42,990,351 to $69,224,371 between FY2011 and FY2024.
- Contributions and grants made up 86% of revenue in FY2011 and 96% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
NEW SCHOOLS FUND'S MISSION IS TO IMPROVE PUBLIC EDUCATION.
IRS status
| Ruling year | 1998 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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