Silver Spring Day School Inc
Silver Spring Day School Inc. shows consistent revenue growth and no reported officer compensation, with a recent significant increase in assets and liabilities.
EIN: 201337670 · Silver Spring, MD · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $675K |
| Transparency Score | 90/100 |
Is Silver Spring Day School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Silver Spring Day School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Silver Spring Day School Inc
Silver Spring Day School Inc (EIN: 201337670) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code B21. The organization reported total revenue of $1.6M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Silver Spring Day School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Silver Spring Day School Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$77K |
| Total Assets | $2.5M |
| Total Liabilities | $1.8M |
| Net Assets | $675K |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 72.5% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Silver Spring Day School Inc reported a surplus of $77K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 72.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Silver Spring Day School Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.5% | +15.8% | +98.6% |
| 2022 | +781.0% | +163.5% | +9.9% |
| 2021 | -88.7% | -61.7% | -11.7% |
| 2020 | +11.9% | +24.1% | -19.4% |
| 2019 | +6.1% | -10.2% | +41.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Silver Spring Day School Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Silver Spring Day School Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.5%.
Executive Compensation Analysis
Silver Spring Day School Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a strong commitment to directing all available funds towards its programs and operations, which is highly commendable for an organization of its size with over $1.6 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Silver Spring Day School Inc's IRS 990 filings:
- Significant increase in liabilities in the latest filing period (from $640,274 to $1,783,707 in 2023) without clear explanation in summary data.
- Abnormal financial performance in 2021 (revenue drop to $158,581 and expenses increase to $503,212) compared to other years.
Strengths
The following positive indicators were identified for Silver Spring Day School Inc:
- Consistent revenue growth over the past decade, indicating financial stability and increasing support.
- No reported officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
- Consistently operating with a surplus (revenues exceeding expenses) in most years, allowing for asset accumulation.
- Healthy asset growth over time, from $791,835 in 2014 to $2,458,891 in 2023 (excluding the 2021 anomaly).
Frequently Asked Questions about Silver Spring Day School Inc
Is Silver Spring Day School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Silver Spring Day School Inc (EIN: 201337670) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Silver Spring Day School Inc spend its money?
Silver Spring Day School Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Silver Spring Day School Inc tax-deductible?
Silver Spring Day School Inc is registered as a tax-exempt nonprofit (EIN: 201337670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Silver Spring Day School Inc CEO make?
Silver Spring Day School Inc's highest-compensated officer earns $1.6 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Silver Spring Day School Inc's spending goes to programs?
Silver Spring Day School Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Silver Spring Day School Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Silver Spring Day School Inc is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Silver Spring Day School Inc located?
Silver Spring Day School Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 201337670. It is classified under NTEE code B21.
How many years of IRS 990 filings does Silver Spring Day School Inc have?
Silver Spring Day School Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
What caused the significant increase in assets and liabilities between 2022 and 2023?
Between 2022 and 2023, assets increased from $1,238,264 to $2,458,891, and liabilities increased from $640,274 to $1,783,707. This substantial change suggests a major capital event, such as the acquisition of property, a significant renovation, or a large loan taken for expansion. Further details from the full IRS Form 990 would be needed to identify the specific cause.
How does Silver Spring Day School Inc. manage to operate without officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently (e.g., as program staff salaries rather than officer compensation) within the IRS 990 structure. This practice significantly reduces administrative overhead.
What was the reason for the sharp drop in revenue and increase in expenses in 2021?
In the 202107 period, revenue dropped significantly to $158,581 from $1,403,139 in 2020, while expenses increased to $503,212. This anomaly could be due to a reporting error, a temporary closure or severe disruption (e.g., related to the COVID-19 pandemic), or a change in accounting methods. It represents a significant deviation from the organization's typical financial performance and warrants further investigation.
Filing History
IRS 990 filing history for Silver Spring Day School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Silver Spring Day School Inc's revenue has grown by 99.7%, moving from $808K to $1.6M. Total assets increased by 379.2% over the same period, from $513K to $2.5M. Total functional expenses rose by 87.1%, from $821K to $1.5M. In its most recent filing year (2023), Silver Spring Day School Inc reported a surplus of $77K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $2.5M in assets (debt-to-asset ratio: 72.5%), resulting in net assets of $675K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.5M | $2.5M | $1.8M | — | View 990 |
| 2022 | $1.4M | $1.3M | $1.2M | $640K | — | View 990 |
| 2021 | $159K | $503K | $1.1M | $600K | — | View 990 |
| 2020 | $1.4M | $1.3M | $1.3M | $405K | — | View 990 |
| 2019 | $1.3M | $1.1M | $1.6M | $722K | — | View 990 |
| 2018 | $1.2M | $1.2M | $1.1M | $450K | — | View 990 |
| 2017 | $1.2M | $1.2M | $1.1M | $420K | — | View 990 |
| 2016 | $1.2M | $1.1M | $983K | $383K | — | View 990 |
| 2015 | $1.1M | $988K | $906K | $369K | — | View 990 |
| 2014 | $983K | $945K | $792K | $325K | — | View 990 |
| 2013 | $971K | $908K | $601K | $172K | — | View 990 |
| 2012 | $931K | $896K | $535K | $169K | — | View 990 |
| 2011 | $808K | $821K | $513K | $182K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.5M, and assets of $2.5M (revenue +15.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.2M (revenue +781.0% year-over-year).
- 2021: Revenue of $159K, expenses of $503K, and assets of $1.1M (revenue -88.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $1.3M (revenue +11.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.1M, and assets of $1.6M (revenue +6.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M (revenue -4.2% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M (revenue +7.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $983K (revenue +8.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $988K, and assets of $906K (revenue +7.6% year-over-year).
- 2014: Revenue of $983K, expenses of $945K, and assets of $792K (revenue +1.2% year-over-year).
- 2013: Revenue of $971K, expenses of $908K, and assets of $601K (revenue +4.3% year-over-year).
- 2012: Revenue of $931K, expenses of $896K, and assets of $535K (revenue +15.3% year-over-year).
- 2011: Revenue of $808K, expenses of $821K, and assets of $513K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Silver Spring Day School Inc:
Data Sources and Methodology
This transparency report for Silver Spring Day School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.