University Schools

Analysis

University Schools is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2008, 18 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 May 2023, University Schools reported income of $1.4m and spending of $1.5m, spending 105% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.9m to $1.4m (-26%), an average of -7.3% a year. The sharpest change came in the year to May 2020, when income dropped by 17%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Schools sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Seward Park Jewish Preschool Co-Op ($1.4m), Anderson Center International Inc ($1.4m) and Casa Dei Bambini of Marietta Inc ($1.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $121k (8.1% of expenses). Other salaries and wages came to $671k. At year end it held assets of $280k against liabilities of $13k, net assets of $267k. It reported 68 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.