Forsyth Country Day School Inc

Analysis

Forsyth Country Day School Inc is a registered charity in United States, based in Lewisville, NC. It received its IRS tax-exemption ruling in December 1968, 58 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, Forsyth Country Day School Inc reported income of $25.8m and spending of $23.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.4m to $25.8m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forsyth Country Day School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Catholic Education Arizona ($25.8m), Independent Colleges of Indiana Inc ($25.8m) and Synergy Academies ($25.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $875k (3.7% of expenses). Other salaries and wages came to $10.1m. It paid $18k in professional fundraising fees. At year end it held assets of $43.9m against liabilities of $22.8m, net assets of $21.1m. It reported 522 employees.