Open Sky Education Inc

Analysis

Open Sky Education Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in May 2007, 19 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, Open Sky Education Inc reported income of $11.9m and spending of $11.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $11.9m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Sky Education Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Southside Charter School ($11.9m), Woodinville Montessori School ($11.9m) and Spark SF Public Schools ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $926k (8.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $20.2m against liabilities of $4.7m, net assets of $15.5m. It reported 43 employees.