Springmont School Inc

Analysis

Springmont School Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in April 1965, 61 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 July 2023, Springmont School Inc reported income of $6.6m and spending of $6.2m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $4.8m to $6.6m (+38%), an average of +8.3% a year. The sharpest change came in the year to July 2022, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springmont School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Peace Over Violence ($6.6m), Boys and Girls Club of Hawaii ($6.6m) and Delta State University Foundation Inc ($6.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $255k (4.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $10.1m against liabilities of $4.8m, net assets of $5.3m. It reported 78 employees.