Great Expectations School

Analysis

Great Expectations School is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in May 2003, 23 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, Great Expectations School reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.2m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Expectations School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include South St Paul Educational Foundation ($2.2m), Womens Education Alliance Inc ($2.2m) and Torchbearers-His Hill ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $236k (11% of expenses). Other salaries and wages came to $972k. At year end it held assets of $2.1m against liabilities of $2.9m, net assets of -$869k. It reported 49 employees.