Compass School

Analysis

Compass School is a registered charity in United States, based in Kingston, RI. It received its IRS tax-exemption ruling in November 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, Compass School reported income of $4.7m and spending of $4.5m, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.7m (+46%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass 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 89th percentile within RI. Charities of a similar size with the same main cause include United Theological Seminary of the Twin Cities ($4.7m), Value Schools Foundation ($4.7m) and Menlo Charter Properties ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.2m (49% of expenses). At year end it held assets of $8.4m against liabilities of $4.6m, net assets of $3.8m. It reported 67 employees.