School One

Analysis

School One is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 1974, 52 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, School One reported income of $1.7m and spending of $2.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $1.7m (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 157%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School One sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within RI. Charities of a similar size with the same main cause include Providence Classical School ($1.7m), Susquehanna Waldorf School Inc ($1.7m) and Calverts Abc Pre-School & Nursery Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $230k (12% of expenses). Other salaries and wages came to $975k. At year end it held assets of $12.5m against liabilities of $1.6m, net assets of $10.8m. It reported 35 employees.