The Fulton School

Analysis

The Fulton School is a registered charity in United States, based in Heath, TX. It received its IRS tax-exemption ruling in July 1991, 35 years ago. 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, The Fulton School reported income of $2.6m and spending of $1.8m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $369k to $2.6m (+595%), an average of +62% a year. The sharpest change came in the year to June 2021, when income rose by 286%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Fulton School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Open House Nursery School ($2.6m), Four County Library System ($2.6m) and Terry Law Ministries Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 82% of the total. Compensation of current officers, directors and key employees was $60k (3.3% of expenses). Other salaries and wages came to $789k. At year end it held assets of $3.0m against liabilities of $1.1m, net assets of $1.9m. It reported 30 employees.