Journey Schools Inc

Analysis

Journey Schools Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2019, 7 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, Journey Schools Inc reported income of $3.0m and spending of $3.1m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $3.0m (+176%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Journey Schools Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Williamsburg Christian Academy ($3.0m), Ridley College Fund USA Inc ($3.0m) and JM Educational Group ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $303k (9.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.9m against liabilities of $2.0m, net assets of -$160k. It reported 49 employees.