Mainspring Schools

Analysis

Mainspring Schools is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 1950, 76 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 August 2023, Mainspring Schools reported income of $2.7m and spending of $2.5m, spending 93% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $2.0m to $2.7m (+34%), an average of +10% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mainspring Schools sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Movement Generation ($2.7m), Foundation for Recovering Youth Inc ($2.7m) and National Institute for Direct Instruction ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $194k (7.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.4m against liabilities of $206k, net assets of $2.2m. It reported 60 employees.