Compass Rose Education Inc

Analysis

Compass Rose Education Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Compass Rose Education Inc reported income of $46.9m and spending of $46.6m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.7m to $46.9m (+1172%), an average of +89% a year. The sharpest change came in the year to August 2021, when income rose by 167%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Rose Education Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Independence Mission Schools ($46.9m), Regents of the Mercersburg College ($47.0m) and University of Maryland Foundation Inc ($46.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $912k (2.0% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $168.3m against liabilities of $163.9m, net assets of $4.4m. It reported 498 employees.