Spartanburg Day School

Analysis

Spartanburg Day School is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in October 1958, 68 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 June 2023, Spartanburg Day School reported income of $13.7m and spending of $14.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $13.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spartanburg Day School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include The Arc Tampa Bay Inc ($13.7m), A G B U Manoogian-Demirdjian School ($13.7m) and New Horizons Ranch and Center Inc ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $337k (2.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $68.9m against liabilities of $9.3m, net assets of $59.5m. It reported 310 employees.