Park School Corporation

Analysis

Park School Corporation is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in August 1949, 77 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, Park School Corporation reported income of $31.7m and spending of $34.7m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.0m to $31.7m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park School Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Journalism Develoment Network Inc ($31.7m), Cushman School Inc ($31.7m) and Securing Assets for Education ($31.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $847k (2.4% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $114.6m against liabilities of $41.7m, net assets of $72.9m. It reported 367 employees.