Providence Day School

Analysis

Providence Day School is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1971, 55 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 Day School reported income of $59.7m and spending of $57.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.7m to $59.7m (+34%), an average of +7.5% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Day School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Chico State Enterprises ($59.6m), Virginia Student Aid Foundation ($59.7m) and Birmingham Community Charter High School ($59.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.9m (3.4% of expenses). Other salaries and wages came to $25.5m. At year end it held assets of $140.2m against liabilities of $70.4m, net assets of $69.8m. It reported 680 employees.