Rabun Gap-Nacoochee School

Analysis

Rabun Gap-Nacoochee School is a registered charity in United States, based in Rabun Gap, GA. It received its IRS tax-exemption ruling in September 1942, 84 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, Rabun Gap-Nacoochee School reported income of $32.4m and spending of $33.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.8m to $32.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rabun Gap-Nacoochee 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 GA. Charities of a similar size with the same main cause include Meadow Oaks Education Foundation ($32.4m), International College-Beirut Lebanon ($32.4m) and Lane College ($32.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $950k (2.9% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $107.0m against liabilities of $25.7m, net assets of $81.4m. It reported 349 employees.