Margaret Gifford School Inc

Analysis

Margaret Gifford School Inc is a registered charity in United States, based in Weston, MA. It received its IRS tax-exemption ruling in August 1965, 61 years ago. 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, Margaret Gifford School Inc reported income of $8.1m and spending of $8.2m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.1m to $8.1m (+15%), an average of +4.7% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Margaret Gifford School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Westfield Schools Inc ($8.1m), Tuba City High School Board Inc ($8.1m) and Civicwell ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $241k (2.9% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $7.2m against liabilities of $626k, net assets of $6.6m. It reported 101 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.