Providence Classical School

Analysis

Providence Classical School is a registered charity in United States, based in Rock Hill, SC. 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, Providence Classical School reported income of $1.7m and spending of $1.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $585k to $1.7m (+198%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Classical School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Calverts Abc Pre-School & Nursery Inc ($1.7m), School One ($1.7m) and Boyce L Ansley School Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $79k (5.4% of expenses). Other salaries and wages came to $722k. At year end it held assets of $2.2m against liabilities of $725k, net assets of $1.4m. It reported 48 employees.