Tapestry School Inc

Analysis

Tapestry School Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 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, Tapestry School Inc reported income of $5.6m and spending of $5.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.6m (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tapestry School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Fellowship of Christians in Universities and Schools Inc ($5.6m), Yeshivat Keter Torah Inc ($5.6m) and Morning Star Academy ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $125k (2.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $10.1m against liabilities of $7.3m, net assets of $2.9m. It reported 65 employees.