Southern Association of Independent Schools

Analysis

Southern Association of Independent Schools is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Association of Independent Schools reported income of $3.3m and spending of $3.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.3m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Association of Independent Schools sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Cerebral Palsy of Utah ($3.3m), Girl Scouts of Greater South Texas ($3.3m) and First Light Community of Mobile Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $464k (16% of expenses). Other salaries and wages came to $761k. At year end it held assets of $5.1m against liabilities of $1.4m, net assets of $3.7m. It reported 13 employees.