Slate School Inc

Analysis

Slate School Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in July 2017, 9 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, Slate School Inc reported income of $11.6m and spending of $1.4m, leaving 88% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $11.6m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 199%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Slate School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Pueblo School for Arts and Sciences ($11.6m), Chicago Mathematics and Science Academy Charter School Inc ($11.6m) and Etoile Academy Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $157k (11% of expenses). Other salaries and wages came to $531k. At year end it held assets of $29.5m against liabilities of $1.5m, net assets of $28.1m. It reported 15 employees.