LTTS Charter School Inc

Analysis

LTTS Charter School Inc is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in May 1998, 28 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 August 2023, LTTS Charter School Inc reported income of $21.6m and spending of $21.2m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $19.5m to $21.6m (+11%), an average of +2.6% a year. The sharpest change came in the year to August 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LTTS Charter School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include University of Central Arkansas Foundation Inc ($21.6m), James Madison University Foundation Inc ($21.6m) and Medical Learning Institute Inc ($21.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $1.4m (6.7% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $48.0m against liabilities of $46.0m, net assets of $2.0m. It reported 261 employees.