East Waco Innovative School Development Inc

Analysis

East Waco Innovative School Development Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in February 1997, 29 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, East Waco Innovative School Development Inc reported income of $12.8m and spending of $13.4m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.9m to $12.8m (+44%), an average of +9.5% a year. The sharpest change came in the year to August 2021, when income rose by 26%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Waco Innovative School Development 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 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Rosedale Technical College ($12.8m), Bridges Academy ($12.8m) and Falls Lake Academy Inc ($12.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $345k (2.6% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $12.7m against liabilities of $2.2m, net assets of $10.5m. It reported 234 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.