St Michaels Country Day School

Analysis

St Michaels Country Day School is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in February 1977, 49 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, St Michaels Country Day School reported income of $7.6m and spending of $6.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $7.6m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Michaels Country Day School 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 92nd percentile within RI. Charities of a similar size with the same main cause include Parent Child Center of Tulsa Inc ($7.6m), Social Justice Fund Northwest ($7.6m) and Arlington Soccer Association Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $425k (6.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $9.7m against liabilities of $1.3m, net assets of $8.4m. It reported 146 employees.