Grammar School Incorporated

Analysis

Grammar School Incorporated is a registered charity in United States, based in Putney, VT. It received its IRS tax-exemption ruling in April 1962, 64 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, Grammar School Incorporated reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.2m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 52%. 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, Grammar School Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within VT. Charities of a similar size with the same main cause include Pui Tak Christian School ($2.2m), Park Row Christian Academy ($2.2m) and Northwest Learning & Achievement Group ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $114k (5.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.1m against liabilities of $220k, net assets of $1.9m. It reported 68 employees.