Clear Spring School Incorporated

Analysis

Clear Spring School Incorporated is a registered charity in United States, based in Eureka SPGS, AR. It received its IRS tax-exemption ruling in June 1976, 50 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 July 2023, Clear Spring School Incorporated reported income of $596k and spending of $670k, spending 112% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income fell from $1.0m to $596k (-42%), an average of -17% a year. The sharpest change came in the year to July 2023, when income dropped by 46%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clear Spring School Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within AR. Charities of a similar size with the same main cause include Muflehun ($596k), Santa Clara Schools Foundation ($597k) and Levelland Christian School ($596k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 38% and program service revenue 52% of the total. Other salaries and wages came to $454k. At year end it held assets of $1.2m against liabilities of $147k, net assets of $1.1m. It reported 33 employees.