St Marks School of Southborough Inc

Analysis

St Marks School of Southborough Inc is a registered charity in United States, based in Southborough, MA. It received its IRS tax-exemption ruling in May 1932, 94 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, St Marks School of Southborough Inc reported income of $40.3m and spending of $43.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.1m to $40.3m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Marks School of Southborough Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include North Carolina Charter Educational Foundation Inc ($40.2m), Americans for Oxford Inc ($40.3m) and Mount Aloysius College ($40.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $449k (1.0% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $253.2m against liabilities of $62.1m, net assets of $191.1m. It reported 258 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.