The Soulsville Charter School LLC

Analysis

The Soulsville Charter School LLC is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2006, 20 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, The Soulsville Charter School LLC reported income of $9.2m and spending of $9.8m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.7m to $9.2m (+20%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Soulsville Charter School LLC sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Hannah Senesh Community Day School ($9.2m), Whin Music Community Charter School ($9.2m) and Ohio Carpenters Joint Apprenticeship and Training Trust ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $124k (1.3% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $20.7m against liabilities of $10.9m, net assets of $9.8m. It reported 109 employees.