Schooltalk Inc

Analysis

Schooltalk Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Schooltalk Inc reported income of $2.4m and spending of $2.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.4m (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Schooltalk Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Tucson Soccer Academy ($2.4m), W E Skelton 4-H Educational Conference Ctr at Smith MTN Lake ($2.4m) and South Florida Sports Foundation Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $131k (4.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $904k against liabilities of $114k, net assets of $789k. It reported 27 employees.