Kradwell School Inc

Analysis

Kradwell School Inc is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in August 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 December 2023, Kradwell School Inc reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kradwell School Inc 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 IL. Charities of a similar size with the same main cause include Mariposa Montessori School ($1.4m), K-Love & Air1 Foundation ($1.4m) and Friends of Brooklyn Urban Garden Charter School Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $130k (9.3% of expenses). Other salaries and wages came to $744k. At year end it held assets of $937k against liabilities of $2.6m, net assets of -$1.7m. It reported 18 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.