Specialty Tutoring Inc

Analysis

Specialty Tutoring Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Specialty Tutoring Inc reported income of $1.0m and spending of $476k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $1.0m (+245%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Specialty Tutoring Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Central Atlantic Collegiate Conference Inc ($1.0m), Crimson Business Education Group ($1.0m) and Wellesley Montessori School Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Other salaries and wages came to $311k. It paid $3,858 in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $2,511, net assets of $2.2m. It reported 27 employees.