Schoolhouse World Inc

Analysis

Schoolhouse World Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Schoolhouse World Inc reported income of $6.6m and spending of $4.2m, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $5.4m to $6.6m (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schoolhouse World Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Ecole Bilingue de LA Nouvelle Orleans the Bilingual School of ($6.6m), Highland Prep ($6.6m) and Michigan Science Center ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $654k (15% of expenses). Other salaries and wages came to $757k. At year end it held assets of $7.3m against liabilities of $28k, net assets of $7.3m. It reported 12 employees.