L Hollingworth School for Talented and Gifted

Analysis

L Hollingworth School for Talented and Gifted is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in July 2009, 17 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, L Hollingworth School for Talented and Gifted reported income of $4.5m and spending of $4.6m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.8m to $4.5m (+17%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 31%. 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, L Hollingworth School for Talented and Gifted sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Tomorrows Hope Inc ($4.5m), Imagine Prep at Surprise Inc ($4.5m) and Lead Academy Classical School ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $144k (3.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 54 employees.