The Southport School Inc

Analysis

The Southport School Inc is a registered charity in United States, based in Southport, CT. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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 August 2023, The Southport School Inc reported income of $9.5m and spending of $9.2m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.9m to $9.5m (+20%), an average of +4.8% a year. The sharpest change came in the year to August 2022, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Southport School Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include B-K Health Center Inc ($9.5m), Avondale Education Association Inc ($9.5m) and Mother of Mercy ($9.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $625k (6.8% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $20.7m against liabilities of $8.8m, net assets of $11.9m. It reported 64 employees.