Valere Public Schools Inc

Analysis

Valere Public Schools Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Valere Public Schools Inc reported income of $13.6m and spending of $13.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.1m to $13.6m (-10.0%), an average of -2.6% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valere Public Schools Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Bradshaw Christian School ($13.6m), Pittsburgh Institute of Aeronautics ($13.6m) and North Lawndale College Preparatory Charter High School ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $961k (6.9% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $8.2m against liabilities of $3.0m, net assets of $5.2m. It reported 149 employees.