Our Lady Queen of Peace Catholic School Incorporated

Analysis

Our Lady Queen of Peace Catholic School Incorporated is a registered charity in United States, based in Richwood, TX. It received its IRS tax-exemption ruling in January 1987, 39 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, Our Lady Queen of Peace Catholic School Incorporated reported income of $1.8m and spending of $2.1m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $1.8m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Our Lady Queen of Peace Catholic School Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Triton Booster Club ($1.8m), Reynolds Mountain Christian Academy ($1.8m) and United Association of Journeymen & Apprentices of the Plumbing & Pipe ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 72% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.4m against liabilities of $1.5m, net assets of $1.8m. It reported 74 employees.