Souderton Charter School Collaborative

Analysis

Souderton Charter School Collaborative is a registered charity in United States, based in Souderton, PA. It received its IRS tax-exemption ruling in December 1997, 29 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, Souderton Charter School Collaborative reported income of $4.6m and spending of $5.0m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $4.6m (+19%), an average of +5.9% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Souderton Charter School Collaborative sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include The Academy of Moore County ($4.6m), Northern Academy of the Arts ($4.6m) and Logos Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $343k (6.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.9m against liabilities of $8.3m, net assets of -$4.3m. It reported 44 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.