South Texas Educational Technologies Inc

Analysis

South Texas Educational Technologies Inc is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in February 1998, 28 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, South Texas Educational Technologies Inc reported income of $18.5m and spending of $18.1m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.3m to $18.5m (+39%), an average of +8.5% a year. The sharpest change came in the year to August 2021, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Texas Educational Technologies 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 98th percentile within TX. Charities of a similar size with the same main cause include Ideal School of Manhattan ($18.5m), BBR Schools Inc ($18.5m) and Crane School ($18.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $232k (1.3% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $26.2m against liabilities of $16.4m, net assets of $9.8m. It reported 268 employees.