Idea Public Schools

Analysis

Idea Public Schools is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in June 2000, 26 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 2023, Idea Public Schools reported income of $1.00bn and spending of $965.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $532.8m to $1.00bn (+88%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Idea Public Schools sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Loyola University of Chicago ($992.7m), Fordham University ($1.02bn) and Nova Southeastern University Inc ($937.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $5.1m (0.5% of expenses). Other salaries and wages came to $543.4m. At year end it held assets of $1.89bn against liabilities of $1.52bn, net assets of $368.6m. It reported 13,893 employees.