Arrows Academy of South Carolina

Analysis

Arrows Academy of South Carolina is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 2018, 8 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, Arrows Academy of South Carolina reported income of $624k and spending of $659k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $470k to $624k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arrows Academy of South Carolina 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 77th percentile within SC. Charities of a similar size with the same main cause include Nicolas Fund for Education ($624k), Communities in Schools of Wayne County Inc ($624k) and Society for Research on Educational Effectiveness ($624k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Other salaries and wages came to $458k. At year end it held assets of $462k against liabilities of $301k, net assets of $161k. It reported 70 employees.