Pinewood Preparatory School

Analysis

Pinewood Preparatory School is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in December 1974, 52 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 May 2023, Pinewood Preparatory School reported income of $11.0m and spending of $8.4m, leaving 24% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $7.1m to $11.0m (+55%), an average of +12% a year. The sharpest change came in the year to May 2021, when income rose by 29%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinewood Preparatory School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Vance Charter School Inc ($11.0m), R Street Institute ($11.0m) and University Prepartory Charter ($11.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $344k (4.1% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $18.5m against liabilities of $11.3m, net assets of $7.2m. It reported 158 employees.