Intrinsic Schools

Analysis

Intrinsic Schools is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2013, 13 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, Intrinsic Schools reported income of $32.7m and spending of $31.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.8m to $32.7m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Intrinsic Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Groves Academy ($32.6m), Spectrum Academy ($32.9m) and Faculty Associates Incorporated ($32.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $207k (0.7% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $77.1m against liabilities of $59.1m, net assets of $18.0m. It reported 309 employees.