Charleston Collegiate School

Analysis

Charleston Collegiate School is a registered charity in United States, based in Johns Island, SC. 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 June 2024, Charleston Collegiate School reported income of $8.4m and spending of $6.7m, spending 80% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.9m to $8.4m (+22%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income dropped by 31%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charleston Collegiate 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 94th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Council on Aging Inc Serving St Clair County ($8.4m), Northern State University Foundation ($8.4m) and Community Action Stops Abuse Inc ($8.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $523k (7.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.1m against liabilities of $1.7m, net assets of $5.4m. It reported 96 employees.