Clarksdale Collegiate

Analysis

Clarksdale Collegiate is a registered charity in United States, based in Clarksdale, MS. It received its IRS tax-exemption ruling in June 2017, 9 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, Clarksdale Collegiate reported income of $7.4m and spending of $7.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $7.4m (+191%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clarksdale Collegiate 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 MS. Charities of a similar size with the same main cause include Timothy School Corp ($7.4m), Towpath Trail High School ($7.4m) and Westminster School Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (1.7% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $10.5m against liabilities of $6.7m, net assets of $3.8m. It reported 94 employees.