Guilford-Sabis Charter School Corporation

Analysis

Guilford-Sabis Charter School Corporation is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in April 2002, 24 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, Guilford-Sabis Charter School Corporation reported income of $7.9m and spending of $6.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $7.9m (+167%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Guilford-Sabis Charter School Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Aspen Academy ($7.9m), High Point Christian Academy Inc ($7.9m) and Shalom Christian Academy Association ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 71% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $17.8m against liabilities of $12.8m, net assets of $5.0m. It reported 103 employees.