Sycamore School Inc

Analysis

Sycamore School Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1985, 41 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, Sycamore School Inc reported income of $11.3m and spending of $10.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $11.3m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 23%. 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, Sycamore School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Penn Hills Charter School of Entrepreneurship ($11.3m), Restoration Academy Inc ($11.3m) and Quest Scholars Program ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $631k (6.0% of expenses). Other salaries and wages came to $4.6m. It paid $27k in professional fundraising fees. At year end it held assets of $13.3m against liabilities of $2.1m, net assets of $11.2m. It reported 126 employees.