4point0 Schools

Analysis

4point0 Schools is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2011, 15 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, 4point0 Schools reported income of $1.6m and spending of $4.9m, spending 311% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.2m to $1.6m (-75%), an average of -29% a year. The sharpest change came in the year to June 2022, when income dropped by 62%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 4point0 Schools sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include Piloted Schools of Nevada Inc ($1.6m), Merced College Foundation ($1.6m) and Navy Seabee Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $927k (19% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.8m against liabilities of $198k, net assets of $4.6m. It reported 22 employees.