Gainesville Independent School Inc

Analysis

Gainesville Independent School Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in October 1970, 56 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 2024, Gainesville Independent School Inc reported income of $17.6m and spending of $13.8m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $11.9m to $17.6m (+48%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gainesville 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 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include California Virtual Academy at Fresno ($17.6m), Individual Education Plan Academy ($17.6m) and Fei Tian College ($17.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $210k (1.5% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $31.2m against liabilities of $8.3m, net assets of $22.9m. It reported 144 employees.