Republic Schools Inc

Analysis

Republic Schools Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 2014, 12 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, Republic Schools Inc reported income of $28.4m and spending of $26.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.9m to $28.4m (+119%), an average of +22% a year. The sharpest change came in the year to June 2021, 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, Republic Schools Inc 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 MS. Charities of a similar size with the same main cause include Academy of Excellence ($28.3m), Middle Tennessee State University Foundation ($28.4m) and Ranney School ($28.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $164k (0.6% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $24.7m against liabilities of $10.9m, net assets of $13.8m. It reported 289 employees.