BEducationEIN: 208133996· Ruling Year: 2008

Spartanburg Preparatory School

Spartanburg, South Carolina

CHealth Score
37C

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.10×
Peer Median20.77×
💰
$7.3M
Total Revenue
📊
$7.9M
Total Expenses
🏦
$827K
Net Assets
📋
$12.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-2.2%
Year-over-year change (2022 → 2023)
Net Margin
-7.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.10
Net assets divided by total expenses
Liabilities-to-Assets
93.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$7,316,8112%$7,885,2393%$12,872,1686%
2022$7,485,170$7,658,3511%$13,623,4528%
2021$7,460,00723%$7,588,35018%$14,756,2941%
2020$6,079,567$6,405,40820%$14,616,55187%
2019$6,067,37016%$5,335,36117%$7,832,0119%
2018$5,229,01825%$4,571,7985%$7,158,7856%
2017$4,185,2919%$4,831,49521%$6,751,82920%
2016$3,843,0397%$4,002,30713%$8,455,400226%
2015$3,579,2046%$3,527,15913%$2,591,0949%
2014$3,366,28212%$3,116,24817%$2,367,7805%
2013$2,994,3939%$2,656,09913%$2,245,41421%
2012$2,759,76223%$2,351,84635%$1,860,13023%
2011$2,240,061$1,747,729$1,518,109

Frequently Asked Questions

What does Spartanburg Preparatory School do?

Spartanburg Preparatory School is a education nonprofit organization based in South Carolina. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Spartanburg Preparatory School financially healthy?

Based on our 9-metric Financial Health Score model, Spartanburg Preparatory School has a score of 37/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Spartanburg Preparatory School generate?

Spartanburg Preparatory School reports $7.2M in annual revenue and holds $12.4M in total assets, based on IRS filings.

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