TCS Education System

Analysis

TCS Education System is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, TCS Education System reported income of $70.9m and spending of $66.8m, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $45.3m to $70.9m (+56%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, TCS Education System sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Episcopal Academy ($70.7m), Neumann University ($70.9m) and Inspiritec Inc ($70.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.5m (8.2% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $121.7m against liabilities of $19.5m, net assets of $102.1m. It reported 294 employees.