Providence Classical School

Analysis

Providence Classical School is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in April 2000, 26 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, Providence Classical School reported income of $7.5m and spending of $7.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $7.5m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Classical School 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 96th percentile within TX. Charities of a similar size with the same main cause include Rockford Christian Education Association ($7.5m), Boston Trinity Academy Inc ($7.5m) and Geears the Georgia Early Education Alliance for Ready Students Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $197k (2.6% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $16.9m against liabilities of $7.9m, net assets of $9.0m. It reported 130 employees.