Southside Elementary Charter School

Analysis

Southside Elementary Charter School is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2014, 12 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 2022, Southside Elementary Charter School reported income of $3.2m and spending of $3.0m, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.1m to $3.2m (+49%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southside Elementary Charter 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 89th percentile, and in the 86th percentile within RI. Charities of a similar size with the same main cause include New Vision Learning Academy ($3.2m), The Heights Charter ($3.2m) and Detroit Public Safety Foundation ($3.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 23% and program service revenue 75% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.3m against liabilities of $167k, net assets of $1.2m. It reported 60 employees.