Shiprock Associated Schools Inc

Analysis

Shiprock Associated Schools Inc is a registered charity in United States, based in Shiprock, NM. It received its IRS tax-exemption ruling in November 1989, 37 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, Shiprock Associated Schools Inc reported income of $11.6m and spending of $10.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.0m to $11.6m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income dropped by 41%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shiprock Associated Schools 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 97th percentile within NM. Charities of a similar size with the same main cause include Berkeley Hall School Foundation ($11.6m), Discovery Charter School Inc ($11.6m) and Academy for Urban Leadership Charter High School ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $106k (1.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $35.2m against liabilities of $255k, net assets of $35.0m. It reported 100 employees.