Promontory School of Expeditionary Learning

Analysis

Promontory School of Expeditionary Learning is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in December 2011, 15 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, Promontory School of Expeditionary Learning reported income of $4.8m and spending of $4.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Promontory School of Expeditionary Learning sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Central Kentucky Community Foundation Inc ($4.8m), Connected Lane County ($4.8m) and Professional Child Care Provider Association ($4.8m).

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 $91k (1.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $11.8m against liabilities of $9.6m, net assets of $2.2m. It reported 123 employees.