Compass School

Analysis

Compass School is a registered charity in United States, based in Dallas, TX. 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 June 2023, Compass School reported income of $4.3m and spending of $598k, leaving 86% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.5m to $4.3m (+187%), an average of +188% a year. The sharpest change came in the year to June 2023, when income rose by 187%. Over the whole period it spent 11% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass School 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 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Lets Get Ready Inc ($4.3m), University Independent School Inc ($4.3m) and Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $57k (9.5% of expenses). Other salaries and wages came to $8,967. It paid $30k in professional fundraising fees. At year end it held assets of $10.2m against liabilities of $5.1m, net assets of $5.1m. It reported 2 employees.