Savannah River Academy Inc

Analysis

Savannah River Academy Inc is a registered charity in United States, based in Grovetown, GA. It received its IRS tax-exemption ruling in October 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, Savannah River Academy Inc reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $245k to $1.5m (+532%), an average of +59% a year. The sharpest change came in the year to June 2020, when income rose by 219%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Savannah River Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Gti Hope ($1.5m), Harbor School ($1.5m) and A Pay It Forward Scholarship Corporation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $13k (1.0% of expenses). Other salaries and wages came to $843k. At year end it held assets of $4.1m against liabilities of $2.6m, net assets of $1.5m. It reported 48 employees.