South County Day School

Analysis

South County Day School is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in August 1976, 50 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 August 2023, South County Day School reported income of $921k and spending of $903k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $815k to $921k (+13%), an average of +3.1% a year. The sharpest change came in the year to August 2021, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South County Day School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within RI. Charities of a similar size with the same main cause include The@masters Academy ($921k), Eastlake Wolfpack Association ($922k) and Panacea Prep Charter School Inc ($921k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $98k (11% of expenses). Other salaries and wages came to $530k. At year end it held assets of $935k against liabilities of $313k, net assets of $622k. It reported 22 employees.