Spring Street International School

Analysis

Spring Street International School is a registered charity in United States, based in Friday Harbor, WA. It received its IRS tax-exemption ruling in March 1996, 30 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, Spring Street International School reported income of $2.6m and spending of $2.7m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.6m (+22%), an average of +5.2% a year. The sharpest change came in the year to August 2021, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Street International School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Goodwill Arkansas Education Initiatives Inc ($2.6m), Evergreen Christian School ($2.6m) and Faithacts for Education Inc ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $155k (5.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.8m against liabilities of $2.0m, net assets of $762k. It reported 38 employees.