Assets School

Analysis

Assets School is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 1956, 70 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 June 2023, Assets School reported income of $11.2m and spending of $9.3m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $11.2m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Assets School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within HI. Charities of a similar size with the same main cause include Wake Christian Academy Inc ($11.2m), Global Village Academy - Northglenn ($11.2m) and Monument Academy Inc ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $207k (2.2% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $32.7m against liabilities of $527k, net assets of $32.2m. It reported 139 employees.