Somerset Christian School

Analysis

Somerset Christian School is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in November 2003, 23 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 2024, Somerset Christian School reported income of $3.5m and spending of $3.3m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $3.5m (+152%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somerset Christian School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Willow Oak Montessori Charter School Inc ($3.5m), El Rio Community School ($3.5m) and Parkview Christian School ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $7.6m against liabilities of $315k, net assets of $7.3m. It reported 70 employees.