Clover Garden School Inc

Analysis

Clover Garden School Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Clover Garden School Inc reported income of $7.5m and spending of $6.9m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.6m to $7.5m (+33%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Clover Garden School Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Christian Union Inc ($7.5m), Waterstone Supporting Organization Trust 2 ($7.5m) and Las Geriatric Care Services Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 91% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $28.3m against liabilities of $28.0m, net assets of $267k. It reported 104 employees.