Independent School Inc

Analysis

Independent School Inc is a registered charity in United States, based in Wichita, KS. 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, Independent School Inc reported income of $11.2m and spending of $10.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $11.2m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KS. Charities of a similar size with the same main cause include San Francisco Pretrial Diversion Project ($11.2m), Legal Aid Society of Nassau County N Y ($11.2m) and St Andrews Schools ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 75% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $15.5m against liabilities of $7.7m, net assets of $7.8m. It reported 243 employees.