Pegasus Schools Inc

Analysis

Pegasus Schools Inc is a registered charity in United States, based in Lockhart, TX. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Pegasus Schools Inc reported income of $11.6m and spending of $12.0m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $12.9m to $11.6m (-9.6%), an average of -2.5% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pegasus Schools Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Hope for All Gulf Coast ($11.6m), Womens Refugee Commission Inc ($11.6m) and Futures Explored Inc ($11.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.2m (10% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $5.1m against liabilities of $662k, net assets of $4.4m. It reported 194 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.