Park Street School Inc

Analysis

Park Street School Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2000, 26 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 Street School Inc reported income of $8.5m and spending of $8.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $8.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park Street School Inc sits at the 92nd percentile: it is larger than about 92% 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 NYC Autism Charter Schools ($8.5m), C H I L D Inc ($8.5m) and Madison Avenue School of Arts ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $366k (4.4% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $23.9m against liabilities of $8.1m, net assets of $15.9m. It reported 75 employees.