Spectrum High School

Analysis

Spectrum High School is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in August 2007, 19 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, Spectrum High School reported income of $11.1m and spending of $10.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $11.1m (+22%), an average of +5.2% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spectrum High School 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 95th percentile within MN. Charities of a similar size with the same main cause include Mississippi State University Advanced Research and Development ($11.1m), Coney Island Prep Builders Inc ($11.1m) and Dallas Christian School ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $299k (2.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $6.6m against liabilities of $7.7m, net assets of -$1.1m. It reported 210 employees.