St Michaels Episcopal School Inc

Analysis

St Michaels Episcopal School Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2005, 21 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, St Michaels Episcopal School Inc reported income of $6.9m and spending of $6.9m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $6.9m (+506%), an average of +43% a year. The sharpest change came in the year to June 2020, when income rose by 556%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Michaels Episcopal School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Western Academy Inc ($6.9m), Central Institute for the Deaf ($6.9m) and Carl C Icahn Charter School ($6.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $444k (6.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $29.0m against liabilities of $7.9m, net assets of $21.2m. It reported 84 employees.