St Petersburg Primary School Inc

Analysis

St Petersburg Primary School Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 2021, 5 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 July 2023, St Petersburg Primary School Inc reported income of $1.9m and spending of $1.5m, leaving 21% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $1.2m to $1.9m (+56%), an average of +56% a year. The sharpest change came in the year to July 2023, when income rose by 56%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Petersburg Primary School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Bethlehem Childrens School ($1.9m), Learning Resources Network Inc ($1.9m) and Schools Care Incorporated ($1.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $72k (4.8% of expenses). Other salaries and wages came to $941k. At year end it held assets of $1.0m against liabilities of $493k, net assets of $526k. It reported 49 employees.