Springside Chestnut Hill Academy

Analysis

Springside Chestnut Hill Academy is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1942, 84 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, Springside Chestnut Hill Academy reported income of $53.7m and spending of $57.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $52.1m to $53.7m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springside Chestnut Hill Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Baker Hall ($53.6m), North Texas Higher Education Authority Inc ($53.8m) and Cornerstone University ($53.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.1m (1.9% of expenses). Other salaries and wages came to $19.0m. At year end it held assets of $136.7m against liabilities of $45.5m, net assets of $91.3m. It reported 485 employees.