Rethinking Schools Limited

Analysis

Rethinking Schools Limited is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 1991, 35 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 June 2023, Rethinking Schools Limited reported income of $888k and spending of $1.1m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $888k (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rethinking Schools Limited sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Kingdom College ($888k), Garden School ($888k) and University at Buffalo Foundation Incubator Inc ($888k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $52k (4.7% of expenses). Other salaries and wages came to $406k. At year end it held assets of $485k against liabilities of $187k, net assets of $299k. It reported 9 employees.