Headwaters School

Analysis

Headwaters School is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2002, 24 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, Headwaters School reported income of $12.9m and spending of $12.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.9m to $12.9m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Headwaters School 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 Purchase College Association Inc Suny College at Purchase ($12.9m), Cambridge Christian School Inc ($12.9m) and Integrated Design Electronics Acade My Public Charter School ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $434k (3.4% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $20.6m against liabilities of $12.1m, net assets of $8.5m. It reported 172 employees.