School on Wheels Inc

Analysis

School on Wheels Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in August 1993, 33 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, School on Wheels Inc reported income of $3.0m and spending of $3.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.0m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School on Wheels Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Chancellor William McGill School of Success ($3.0m), Aristotle Preparatory Academy Challenge Foundation Academy ($3.0m) and Hand in Hand Mano En Mano ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $133k (4.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.8m against liabilities of $274k, net assets of $2.5m. It reported 47 employees.