Mary C Wheeler School Inc

Analysis

Mary C Wheeler School Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 1948, 78 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 2024, Mary C Wheeler School Inc reported income of $49.6m and spending of $45.2m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $35.1m to $49.6m (+41%), an average of +9.1% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mary C Wheeler School 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 99th percentile, and in the 98th percentile within RI. Charities of a similar size with the same main cause include Flint Hill School ($49.4m), Covenant College Inc ($49.7m) and Robin Merger Corporation Inc ($49.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10.0% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.1m (2.4% of expenses). Other salaries and wages came to $19.1m. It paid $29k in professional fundraising fees. At year end it held assets of $155.1m against liabilities of $44.6m, net assets of $110.5m. It reported 651 employees.