Silver Spring Day School Inc

Analysis

Silver Spring Day School Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in February 2005, 21 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 July 2023, Silver Spring Day School Inc reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.6m (+29%), an average of +6.5% a year. The sharpest change came in the year to July 2022, when income rose by 781%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Silver Spring Day School Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Marine Conservation Biology Institute ($1.6m), Maryland Business Roundtable for Education Inc ($1.6m) and Montana High School Association ($1.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 6.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $96k (6.3% of expenses). Other salaries and wages came to $922k. At year end it held assets of $2.5m against liabilities of $1.8m, net assets of $675k. It reported 41 employees.