Greer Middle College Charter High School

Analysis

Greer Middle College Charter High School is a registered charity in United States, based in Taylors, SC. It received its IRS tax-exemption ruling in May 2008, 18 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, Greer Middle College Charter High School reported income of $6.6m and spending of $7.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $6.6m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greer Middle College Charter High School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Pasadena Christian School ($6.6m), Greenville Technical Charter High School ($6.6m) and Geo Next Generation High School Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $120k (1.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $13.9m against liabilities of $10.1m, net assets of $3.8m. It reported 66 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.