Schools for Children Inc

Analysis

Schools for Children Inc is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Schools for Children Inc reported income of $20.2m and spending of $19.2m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $14.4m to $20.2m (+40%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schools for Children Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Tapestry Charter School ($20.2m), Rochester Public Library ($20.2m) and Siatech Inc ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $561k (2.9% of expenses). Other salaries and wages came to $10.4m. It paid $39k in professional fundraising fees. At year end it held assets of $25.4m against liabilities of $16.7m, net assets of $8.6m. It reported 259 employees.