South Sound Christian Schools

Analysis

South Sound Christian Schools is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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, South Sound Christian Schools reported income of $3.7m and spending of $4.6m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.7m (+9.8%), an average of +2.4% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Sound Christian Schools sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include National Charity League Inc ($3.7m), Visiting Nurse Assocation of the Midlands ($3.7m) and Woodbrook Assisted Living Residence Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $185k (4.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.6m against liabilities of $5.6m, net assets of -$3.0m. It reported 119 employees.