Old Believer Private School

Analysis

Old Believer Private School is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in June 2022, 4 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 December 2023, Old Believer Private School reported income of $219k and spending of $180k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $257k to $219k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old Believer Private School sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 50th percentile within AK. Charities of a similar size with the same main cause include Why Not Win Institute Inc ($219k), Bobcat Legacy Foundation Inc ($219k) and Fund for the Pacific Century ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (14% of expenses). Other salaries and wages came to $71k. At year end it held assets of $422k against liabilities of $70k, net assets of $352k. It reported 3 employees.