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New Schools Fund at a glanceMostly funded, not a grantmaker: see who funds it →

· Public charity

New Schools Fund

To improve public education by identifying and supporting the most promising education ventures in the country, and creating a nationwide network of education entrepreneurs committed to closing the achievement gap.

$19M
Granted FY2024still arriving
102
Grants FY2024still arriving
31
States reached
$701k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Education$190MCivil Rights$7.1MCommunity Improvement$5.6MYouth Development$3.4MHuman Services$2.5MPhilanthropy$1.1MEnvironment$1.0MScience & Tech$850kOther$0
02FY2024 · 102 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • $10k–50k3 grants · $110k
  • $50k–250k75 grants · $12M
  • $250k+24 grants · $6.8M
$200,000
Median grant
31
States reached
$71M
Total assets
Largest grants
RecipientAmount
FUND FOR PUBLIC SCHOOLS$701,250
CENTRAL QUEENS ACADEMY$322,500
EDGECOMBE COUNTY PUBLIC SCHOOLS$315,000
FOUST GAMING AND ROBOTICS SCHOOL (GUILFORD COUNTY SCHOOLS)$315,000
RADICAL ARTS ACADEMY DENVER$315,000
CHATTACADEMY COMMUNITY SCHOOL$302,500
EXCELSIOR VILLAGE ACADEMIES INC$285,000
BEDFORD STUYVESANT NEW BEGINNINGS CHARTER SCHOOLS$272,500
BELIEVE SCHOOLS$265,000
EDUCATE78 (DBA LEADERSHIP FOR LIBERATION)$250,000
CAPTI - CHARMTECH LABS LLC$250,000
PARENT POWER LAB$250,000
COMMUNITYSHARE$250,000
THE AI EDUCATION PROJECT (AIEDU)$250,000
PALOMA LEARNING INC$250,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–24, $5.1M) land where the poverty rate runs at 13%, against an area that typically sits at 10%. 85% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%BLACK MEN TEACH: $520k → 11%OJISDA' SUSTAINABLE INDIGENOUS FUTURES: $250k → 11%RISE CHILD DEVELOPMENT CENTER: $250k → 6%LIFE ACADEMY: $215k → 12%THE INSTITUTE FOR ANTI-RACIST EDUCATION INC: $250k → 12%COMMUNITYSHARE: $250k → 15%BLACK MEN TEACH: $200k → 11%RISE CHILD DEVELOPMENT CENTER: $250k → 6%MCEL (MEN OF COLOR IN ED LEADERSHIP): $250k → 13%SER FAMILIA INC: $250k → 8%SPRINGBOARD COLLABORATIVE: $200k → 22%MCEL (MEN OF COLOR IN ED LEADERSHIP): $160k → 13%BATTELLE EDUCATION: $195k → 15%PARENT POWER LAB: $250k → 15%PARENT POWER LAB: $200k → 15%ELLA BAKER INSTITUTE: $200k → 20%CONEXION AMERICAS: $205k → 14%EDWARD CHARLES FOUNDATION: $250k → 14%CONEXION AMERICAS: $155k → 14%PROGRESO LATINO INC: $150k → 14%THE INSPIRED COMMUNITY PROJECT INC: $200k → 17%EXPANDED SCHOOLS: $205k → 17%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

ME
VT
WA
ID
MN
IL
MI
NY
MA
OR
NV
WY
SD
IA
IN
OH
PA
NJ
CT
RI
CA
UT
CO
MO
KY
WV
VA
MD
DE
AZ
NM
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

69%of every dollar goes to organizations it has funded before.
$145M · 243 repeat orgs$67M to everyone else

Grantees it renews have grown median revenue +101% since the first grant, against +13% for those funded once.

243 repeat relationships: 55 still active in FY2024, 188 since wound down; 47 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

243
319

Total granted

$145M
$57M

Median revenue growth · since first grant

+101%
+13%

Still filing today

79%
54%

New vs renewed · share of each year

In FY2024, 51% of grant dollars renewed an existing relationship; $9.5M went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
EducationYouth DevelopmentHuman ServicesPhilanthropyCommunity ImprovementCivil RightsOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • PP
    PURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS INC
    6× · 2017–2022 · $2.6M · revenue +731%
  • IP
    Impact Public Schools
    7× · 2017–2023 · $2.5M · revenue ×20
  • TF
    THE FUND FOR PUBLIC SCHOOLS INC
    5× · 2020–2024 · $2.2M · revenue +32%

Funded once

  • NC
    NEWARK CHARTER SCHOOL FUND INC
    one grant, 2017 · $792k · revenue -70%
  • FE
    Family Engagement Lab
    one grant, 2022 · $500k · revenue -56%
  • HA
    HIAWATHA ACADEMIESgraduated
    one grant, 2017 · $500k · revenue +61%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Washington Leadership Academy Public Charter School

Wla combines best practices in teaching and learning, with the latest in educational technology to create an unparalleled high school experience. students will graduate from wla prepared for college, career, and lives of public leadership.

Education
2
The New American Academy Charter School

The new american academy charter school empowers learners and inspires leaders to make this a better world. through our collaborative teacher teams, mastery-based career ladder, and looping cycles, we offer personalized rigorous…

Education
3
The Peak School

The peak school seeks to ignite a passion for learning, to develop students of diverse talents and backgrounds who think critically and act with integrity, and to graduate compassionate, confident, capable students who will embrace their…

Education
4
New Classrooms Innovation Partners Inc

To create and inspire better ways to give every student an educational foundation for lifelong success. we imagine a world where every student attends a school that meets them where they are, adapts to the unique ways they learn, and…

Education
5
Bronx Charter School for Excellence

Excellence community schools prepares young people in new york city and stamford to compete for admission to and succeed in top public, private and parochial high schools by cultivating their intellectual, artistic, social, emotional, and…

Education
6
The Royal School System

The mission of Royal Public Schools is to spark students' natural curiosity and love of learning while providing the knowledge and skills they need to lead successful and fulfilling lives.

Education
7
Elite Public Schools

To ensure students reach their fullest potential through access to learning spaces that honor and celebrate students' rich cultural heritage and challenge them with rigorous and relevant learning experiences designed to make them active…

Education
8
Mastery Charter High School

All students learn the academic and personal skills they need to be truly prepared for postsecondary success and able to pursue their dreams.

Education
9
Tomorrow's Leadership Collaborative Charter School

The mission of tlc is to educate diverse students through a rigorous, standards-based, collegepreparatory program to become conscientious, caring, and responsible 21st century citizens. tlc is grounded in an inclusive vision of teaching…

—
10
Intellectus Preparatory Charter School

Consistent with its approved charter, the purpose for which the corporation is organized is to establish and operate a charter school (the "charter school") to deliver an equitable educational experience for students in grades 6-12.…

Education
11
Equal Opportunity Schools

Equal opportunity schools' mission is to strengthen educator and system leader capacity to break down barriers to increase access, belonging, and success in rigorous college and career-prep secondary school courses for students of color…

Education
12
Alliance Charter Academy

Our mission is to personalize learning through a collaboration of family, community and school; to nurture the innate curiosity of our students; ignite their passion for learning; and prepare them for lifelong success.

Education
How this is measured
The grantee most central to the portfolio’s shape is Expanded Schools Inc; the most unlike its peers is Braille Box Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

424 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 424 of the 615 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

118
Load-bearing (≥25% of a budget)
148
Early backer (in before they grew)
398/424
Grantees still filing
284/424
Grew since first funded

Where the money sits, by cause and then by grantee

+132 more: $92,340,547 · Education+132 moreTHE FUND FOR PUBLIC SCHOOLS INC: $2,248,750 · OtherTHE FUND FOR PUBLIC SCHOOL…DALLAS ISD: $2,072,680 · OtherDALLAS ISDGWINNETT COUNTY SCHOOLS: $1,890,000 · OtherGWINNETT COUNTY SCHOOLSFAYETTE COUNTY PUBLIC SCHOOLS: $1,190,000 · Other+42 more: $24,131,117 · Other+42 moreYouthBuild Newark Inc: $995,000 · Youth DevelopmentNYC FIRST Inc: $860,000 · Youth DevelopmentPROFOUND GENTLEMEN INC: $600,000 · Youth DevelopmentRADICAL ARTS ACADEMY OF DENVER: $530,000 · Youth DevelopmentFamily Engagement Lab: $500,000 · Youth DevelopmentNAVIGATE THE MAZE TO ACHIEVEMENT INC: $365,000 · Youth DevelopmentProject OneTen: $365,000 · Youth DevelopmentTETON SCIENCE SCHOOLS INC: $1,710,000 · EnvironmentNEW VENTURE FUND: $905,000 · EnvironmentTHE MODERN CLASSROOMS PROJECT INC: $750,000 · PhilanthropySEATTLE FOUNDATION: $500,000 · PhilanthropyPLAYERS PHILANTHROPY FUND INC: $450,000 · PhilanthropyADVANCE RURAL EDUCATION FOUNDATION: $397,500 · PhilanthropyFoundation for Portland Public Schools: $385,000 · PhilanthropyBlack Men Teach: $720,000 · Human ServicesRISE CHILD DEVELOPMENT CENTER INC: $500,000 · Human ServicesParent Power Lab Inc: $450,000 · Human ServicesMCEL UNITED INC: $410,000 · Human ServicesCONEXION AMERICAS: $360,000 · Human ServicesTECHNOLOGY ACCESS FOUNDATION: $555,000 · Community ImprovementCAMELBACK VENTURES: $540,000 · Community ImprovementBeloved Community Inc: $410,000 · Community Improvement
Education$92,340,547Other$31,532,547Youth Development$4,215,000Environment$2,615,000Philanthropy$2,482,500Human Services$2,440,000Community Improvement$1,505,000

Showing the 200 largest grantees by grant value.

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetPURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS INC: $2,580,000 over 6y, 21% of budgetImpact Public Schools: $2,452,000 over 7y, 21% of budgetTHE FUND FOR PUBLIC SCHOOLS INC: $2,248,750 over 5y, 3.6% of budgetZETA CHARTER SCHOOLS INC: $2,230,000 over 5y, 26% of budgetEDUCATION FORWARD DC: $2,125,129 over 2y, 9.5% of budgetTETON SCIENCE SCHOOLS INC: $1,710,000 over 4y, 3.5% of budgetVALOR COLLEGIATE ACADEMIES: $1,475,000 over 3y, 4.8% of budgetTHIRD FUTURE SCHOOLS: $1,374,000 over 5y, 5.6% of budgetCAMBIAR EDUCATION: $1,370,800 over 7y, 5.8% of budgetACHIEVEMENT FIRST INC: $1,290,000 over 3y, 1.1% of budgetBELIEVE CIRCLE CITY HIGH SCHOOL INC: $1,160,000 over 6y, 6.5% of budgetTRANSCEND INC: $1,157,638 over 5y, 3.1% of budgetLATINO EDUCATIONAL EQUITY: $1,155,000 over 6y, 75% of budgetTHE OPPORTUNITY TRUST D/B/A ZEST EDUCATION: $1,075,000 over 7y, 3.4% of budgetSPRINGFIELD EMPOWERMENT ZONE PARTNERSHIP INC: $1,040,000 over 7y, 15% of budgetDIGITAL PIONEERS ACADEMY PUBLIC CHARTER SCHOOL: $1,040,000 over 6y, 14% of budgetTHE URBAN ASSEMBLY INC: $1,035,000 over 5y, 4.6% of budgetYU MING CHARTER SCHOOL: $1,005,000 over 4y, 4.0% of budgetSCHOOL BOARD PARTNERS: $1,000,000 over 3y, 35% of budgetARRAY EDUCATION INC: $1,000,000 over 3y, 1.9% of budgetYouthBuild Newark Inc: $995,000 over 6y, 8.6% of budgetFUGEES FAMILY INC: $965,000 over 4y, 13% of budgetLAUREL LEADERSHIP INSTITUTE: $950,000 over 2y, 72% of budgetASPIRA OF DELAWARE CHARTER OPERATIONS IN: $922,500 over 4y, 2.7% of budgetKANSAS CITY GIRLS PREPARATORY ACADEMY: $905,000 over 5y, 14% of budgetNEW VENTURE FUND: $905,000 over 4y, 0.0% of budgetCatalyst Public Schools: $894,000 over 4y, 12% of budgetPHALEN LEADERSHIP ACADEMY - INDIANA: $890,000 over 2y, 3.4% of budgetGROWTH PUBLIC SCHOOLS: $872,500 over 6y, 36% of budgetAPPLETREE INSTITUTE FOR EDUCATION INNOVATION: $865,800 over 3y, 3.1% of budgetNYC FIRST Inc: $860,000 over 5y, 12% of budgetCOMPASS ROSE EDUCATION INC: $860,000 over 4y, 1.1% of budgetDEKALB BRILLIANCE ACADEMY INC: $860,000 over 4y, 37% of budgetBecoming Collegiate Academy Inc: $860,000 over 4y, 10% of budgetMobile Area Education Foundation Inc: $855,000 over 5y, 27% of budgetEDUCATION PIONEERS: $850,000 over 2y, 6.9% of budgetBLUUM INC: $840,000 over 4y, 25% of budgetHIGH TECH HIGH GRADUATE SCHOOL OF EDUCATION: $830,000 over 4y, 3.8% of budgetHe Is Me Institute Inc: $827,000 over 5y, 43% of budgetI3 ACADEMY: $815,000 over 4y, 1.9% of budgetEMPOWER SCHOOLS OF ALABAMA: $805,000 over 4y, 64% of budgetEDNOVATE INC: $800,000 over 5y, 1.2% of budgetSOCIAL JUSTICE PUBLIC CHARTER SCHOOL INC: $800,000 over 5y, 85% of budgetUniversity Charter School: $800,000 over 4y, 9.5% of budgetThe Oakland REACH: $800,000 over 3y, 9.3% of budgetNEWARK CHARTER SCHOOL FUND INC: $791,667 over 1y, 18% of budgetALABAMA AEROSPACE & AVIATION HIGH SCHOOL: $760,000 over 4y, 49% of budgetPHOENIX INTERNATIONAL ACADEMY: $755,000 over 5y, 74% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds PURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS INC ↗
  • Who funds Impact Public Schools ↗
  • Who funds THE FUND FOR PUBLIC SCHOOLS INC ↗
  • Who funds ZETA CHARTER SCHOOLS INC ↗
  • Who funds EDUCATION FORWARD DC ↗
  • Who funds TETON SCIENCE SCHOOLS INC ↗
  • Who funds VALOR COLLEGIATE ACADEMIES ↗
  • Who funds THIRD FUTURE SCHOOLS ↗
  • Who funds CAMBIAR EDUCATION ↗
  • Who funds ACHIEVEMENT FIRST INC ↗
  • Who funds BELIEVE CIRCLE CITY HIGH SCHOOL INC ↗
  • Who funds TRANSCEND INC ↗
  • Who funds LATINO EDUCATIONAL EQUITY ↗
  • Who funds THE OPPORTUNITY TRUST D/B/A ZEST EDUCATION ↗
  • Who funds SPRINGFIELD EMPOWERMENT ZONE PARTNERSHIP INC ↗
  • Who funds DIGITAL PIONEERS ACADEMY PUBLIC CHARTER SCHOOL ↗
  • Who funds THE URBAN ASSEMBLY INC ↗
  • Who funds YU MING CHARTER SCHOOL ↗
  • Who funds SCHOOL BOARD PARTNERS ↗
  • Who funds ARRAY EDUCATION INC ↗
  • Who funds YouthBuild Newark Inc ↗
  • Who funds FUGEES FAMILY INC ↗
  • Who funds LAUREL LEADERSHIP INSTITUTE ↗
  • Who funds ASPIRA OF DELAWARE CHARTER OPERATIONS IN ↗
  • Who funds KANSAS CITY GIRLS PREPARATORY ACADEMY ↗
  • Who funds NEW VENTURE FUND ↗
  • Who funds Catalyst Public Schools ↗
  • Who funds PHALEN LEADERSHIP ACADEMY - INDIANA ↗
  • Who funds GROWTH PUBLIC SCHOOLS ↗
  • Who funds APPLETREE INSTITUTE FOR EDUCATION INNOVATION ↗
  • Who funds NYC FIRST Inc ↗
  • Who funds COMPASS ROSE EDUCATION INC ↗
  • Who funds DEKALB BRILLIANCE ACADEMY INC ↗
  • Who funds Becoming Collegiate Academy Inc ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Charter Fund Inc D/B/…City FundWalton Family Foundat…Charles and Helen Sch…Silicon Schools Fund …Louis Calder Foundati…Education Forward DCGates FoundationCamelback VenturesCarnegie Corporation …New Profit IncMichael & Susan Dell …
Charter Fund Inc D/B/A Charter School Growth FundCO157.4× affinity112 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Charter Fund Inc D/B/A Charter School Growth Fund · City Fund · Walton Family Foundation Inc · Charles and Helen Schwab Foundation · Silicon Schools Fund Inc · Louis Calder Foundation · Education Forward DC · Gates Foundation · Camelback Ventures · Carnegie Corporation of New York · New Profit Inc · Michael & Susan Dell Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization New Schools Fund funds: left to right is the share of its income from government, bottom to top the share from New Schools Fund. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 120%6%25%56%100%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 14%
  • YouthBuild Newark Inc: 27% of income from government
  • He Is Me Institute Inc: 16% of income from government
  • The Teachers' Lounge Inc: 14% of income from government
  • Teach Western Mass Inc: 11% of income from government
  • Achievement First Inc: 0% of income from government
no gov moneyreceives it· size = income
12get no government money at all
77report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 615 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on New Schools’ filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home