Irving Schools Foundation

Analysis

Irving Schools Foundation is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in October 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Irving Schools Foundation reported income of $2.1m and spending of $2.4m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Irving Schools Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Mobilise Inc ($2.1m), Aldersgate Special Needs Ministry ($2.1m) and Lakelands Little Learners ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $194k (8.1% of expenses). Other salaries and wages came to $313k. At year end it held assets of $4.1m against liabilities of $185k, net assets of $3.9m. It reported 11 employees.