St Georges Independent Schools Foundation

Analysis

St Georges Independent Schools Foundation is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Georges Independent Schools Foundation reported income of $1.6m and spending of $4.8m, spending 292% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $1.6m (-44%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 149% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Georges Independent Schools Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Ipakanni Early College Charter School ($1.6m), Pennsylvania State Athletic Conference ($1.6m) and Faculty Clinic Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $28.9m against liabilities of $263k, net assets of $28.6m.

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.