SLS

Analysis

SLS is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2011, 15 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, SLS reported income of $2.7m and spending of $2.8m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.7m (-9.1%), an average of -2.4% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SLS 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 CA. Charities of a similar size with the same main cause include Shanel Valley Academy ($2.7m), National Association of Schools of Music ($2.7m) and Heritage Family School ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $601k (21% of expenses). Other salaries and wages came to $925k. At year end it held assets of $10.4m against liabilities of $3.1m, net assets of $7.3m. It reported 22 employees.