Cold Spring School Inc

Analysis

Cold Spring School Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2016, 10 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, Cold Spring School Inc reported income of $3.7m and spending of $3.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.7m (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 35%. 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, Cold Spring School Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Milestones Charter School ($3.7m), Auburn Theological Seminary ($3.7m) and Cristo Rey San Jose Work Study Corporation ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $143k (4.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.0m against liabilities of $203k, net assets of $1.8m. It reported 61 employees.