Spartanburg Academic Movement

Analysis

Spartanburg Academic Movement is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spartanburg Academic Movement reported income of $9.5m and spending of $2.5m, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $9.5m (+605%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 694%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spartanburg Academic Movement sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Bear Creek Community Charter School ($9.5m), National Center for Teacher Residencies Inc ($9.5m) and John N Gardner Institute Forexcellence in Undergraduate Educati ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $160k (6.5% of expenses). Other salaries and wages came to $567k. At year end it held assets of $10.6m against liabilities of $230k, net assets of $10.4m. It reported 14 employees.