Oconnell High School Foundation

Analysis

Oconnell High School Foundation is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in June 2005, 21 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 July 2022, Oconnell High School Foundation reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 4 years on record, from July 2019 to July 2022, income grew from $1.4m to $1.5m (+11%), an average of +3.5% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oconnell High School Foundation 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 87th percentile within TX. Charities of a similar size with the same main cause include A Plus Kidz Academy ($1.5m), Vermont Association of the Education of Young Children ($1.5m) and American Nicaraguan School ($1.5m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 43% and program service revenue 33% of the total. Other salaries and wages came to $695k. At year end it held assets of $5.5m against liabilities of $154k, net assets of $5.3m. It reported 17 employees.