St Georges School

Analysis

St Georges School is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in March 1947, 79 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 Georges School reported income of $49.9m and spending of $41.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.6m to $49.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Georges School 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 99th percentile, and in the 98th percentile within RI. Charities of a similar size with the same main cause include Early Learning Coalition of Manatee County Inc ($49.9m), Barton College ($49.9m) and Crescent City Schools ($49.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $1.7m (4.2% of expenses). Other salaries and wages came to $10.4m. It paid $36k in professional fundraising fees. At year end it held assets of $344.1m against liabilities of $64.6m, net assets of $279.5m. It reported 239 employees.