Spruce Street School

Analysis

Spruce Street School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1976, 50 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 August 2023, Spruce Street School reported income of $4.5m and spending of $3.7m, spending 81% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.3m to $4.5m (+35%), an average of +7.7% a year. 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, Spruce Street School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Crossnore School Childrens Foundation ($4.5m), Montessori School of Greater Hartford Inc ($4.5m) and Imagine Prep Superstition Inc ($4.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $313k (8.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $21.7m against liabilities of $14.8m, net assets of $6.9m. It reported 46 employees.