Bynum School

Analysis

Bynum School is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in July 1984, 42 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 July 2023, Bynum School reported income of $4.7m and spending of $4.7m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.0m to $4.7m (+56%), an average of +12% a year. The sharpest change came in the year to July 2021, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bynum School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Cleveland Arts and Social Science Academy ($4.7m), Baxter Academies of Maine ($4.7m) and Elija School ($4.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 47% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $208k (4.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $17.5m against liabilities of $603k, net assets of $16.9m. It reported 96 employees.