Hammond School

Analysis

Hammond School is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 1984, 42 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, Hammond School reported income of $25.2m and spending of $21.6m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $20.2m to $25.2m (+25%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hammond School 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 SC. Charities of a similar size with the same main cause include Lexington School for the Deaf ($25.2m), Holy Cross College Inc ($25.2m) and Comp-U-Dopt Inc ($25.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.4m (6.4% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $67.7m against liabilities of $30.4m, net assets of $37.2m. It reported 342 employees.