Tekoa Charter School Inc

Analysis

Tekoa Charter School Inc is a registered charity in United States, based in Port Arthur, TX. It received its IRS tax-exemption ruling in October 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, Tekoa Charter School Inc reported income of $4.5m and spending of $5.5m, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.6m to $4.5m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to August 2023, when income dropped by 34%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tekoa Charter School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Palos Verdes Peninsula Education Foundation ($4.5m), Advent Episcopal Day School Inc ($4.5m) and Happy Valley East ($4.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $325k (5.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $5.2m against liabilities of $880k, net assets of $4.3m. It reported 85 employees.