Piedmont Classical High School

Analysis

Piedmont Classical High School is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in March 2016, 10 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, Piedmont Classical High School reported income of $5.0m and spending of $5.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.0m (+18%), an average of +4.2% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Piedmont Classical High School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Alliance for Education ($5.0m), Sandhills Childrens Center ($5.0m) and South Carolina Afterschool Alliance ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $458k (8.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $18.6m against liabilities of $19.4m, net assets of -$721k. It reported 71 employees.

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.