Tolbert Educational Services Inc

Analysis

Tolbert Educational Services Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in May 2014, 12 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, Tolbert Educational Services Inc reported income of $7.6m and spending of $7.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $7.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 15%. 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, Tolbert Educational Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include The Ambrose School Inc ($7.6m), Northeast College Prep ($7.6m) and Jewish Community Center Association of Indianapolis Incorporated ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $435k (5.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $4.1m against liabilities of $315k, net assets of $3.8m.