Incito Schools

Analysis

Incito Schools is a registered charity in United States, based in Goodyear, AZ. It received its IRS tax-exemption ruling in July 2020, 6 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, Incito Schools reported income of $4.0m and spending of $4.1m, spending 100% of its income. Across the 6 years on record, from June 2017 to June 2023, income grew from $3.0m to $4.0m (+36%), an average of +6.3% a year. The sharpest change came in the year to June 2018, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Incito Schools sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Rainbow Fleet Inc ($4.0m), Creation Development Foundation Inc ($4.0m) and Cyber Village Academy Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $374k (9.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $8.5m against liabilities of $7.9m, net assets of $552k. It reported 27 employees.