South Kent School Corp

Analysis

South Kent School Corp is a registered charity in United States, based in South Kent, CT. It received its IRS tax-exemption ruling in January 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Kent School Corp reported income of $11.6m and spending of $15.9m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.6m to $11.6m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Kent School Corp 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 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Wesley School ($11.6m), Massachusetts Green High Performance Computing Center Inc ($11.6m) and Imhotep Institute Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $501k (3.1% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $36.2m against liabilities of $17.2m, net assets of $19.0m. It reported 88 employees.