Piedmont School Inc

Analysis

Piedmont School Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 May 2024, Piedmont School Inc reported income of $2.5m and spending of $2.4m, spending 94% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.9m to $2.5m (+34%), an average of +7.7% a year. The sharpest change came in the year to May 2021, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piedmont School Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include The Airlift-Tanker Association Inc ($2.5m), L Arche USA ($2.5m) and Georgia Mountain Womens Center Inc ($2.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 22% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $141k (5.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.4m against liabilities of $260k, net assets of $4.1m. It reported 36 employees.