Greatschools Inc

Analysis

Greatschools Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greatschools Inc reported income of $9.1m and spending of $7.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $9.1m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greatschools Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Monroe Community College Assn Inc ($9.1m), Oxford Preparatory School Inc ($9.1m) and New Heights Charter School ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $356k (4.7% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $7.8m against liabilities of $971k, net assets of $6.9m. It reported 50 employees.