Pilot School Inc

Analysis

Pilot School Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 1958, 68 years ago. 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 July 2023, Pilot School Inc reported income of $7.5m and spending of $7.4m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $6.0m to $7.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to July 2023, when income rose by 44%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pilot School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within DE. Charities of a similar size with the same main cause include Halcyon Center Bahavioral Associate of Mass Inc ($7.5m), United Service Organizations ($7.5m) and The Center for Global Enterprise Ltd ($7.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 11% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $172k (2.3% of expenses). Other salaries and wages came to $2.9m. It paid $274 in professional fundraising fees. At year end it held assets of $36.8m against liabilities of $8.8m, net assets of $27.9m. It reported 89 employees.