Spring Creek Charter School Inc

Analysis

Spring Creek Charter School Inc is a registered charity in United States, based in Paisley, FL. It received its IRS tax-exemption ruling in February 1998, 28 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, Spring Creek Charter School Inc reported income of $7.8m and spending of $8.2m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $7.8m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Creek Charter School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Seed Foundation Inc ($7.8m), Bulloch Academy Inc ($7.8m) and Providence Public Library ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $104k (1.3% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $4.3m against liabilities of $5.4m, net assets of -$1.1m. It reported 111 employees.