Thornwell Charter School

Analysis

Thornwell Charter School is a registered charity in United States, based in Clinton, SC. It received its IRS tax-exemption ruling in July 2019, 7 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, Thornwell Charter School reported income of $4.4m and spending of $4.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $209k to $4.4m (+1999%), an average of +114% a year. The sharpest change came in the year to June 2020, when income rose by 977%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thornwell Charter School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Harbor Science and Arts Charter School ($4.4m), Classical Christian School ($4.4m) and Gillingham Charter School ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $2.0m against liabilities of $606k, net assets of $1.4m. It reported 75 employees.