Waterside School Inc

Analysis

Waterside School Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Waterside School Inc reported income of $11.3m and spending of $10.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $11.3m (+59%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 156%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waterside School Inc 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 94th percentile within CT. Charities of a similar size with the same main cause include Restoration Academy Inc ($11.3m), Preparatory Chapter School of Mathmatics Science Technology and ($11.3m) and Sycamore School Inc ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $435k (4.3% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $68.1m against liabilities of $266k, net assets of $67.8m. It reported 94 employees.