Marvelwood Preparatory School

Analysis

Marvelwood Preparatory School is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in October 1959, 67 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, Marvelwood Preparatory School reported income of $9.5m and spending of $9.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.9m to $9.5m (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2020, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marvelwood Preparatory School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Path School Inc ($9.5m), East Stroudsburg University Foundation ($9.5m) and University of North Carolina at Asheville Foundation Inc ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $17.6m against liabilities of $8.2m, net assets of $9.3m.