Memorial Spaulding School Extended Day Program Inc

Analysis

Memorial Spaulding School Extended Day Program Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in May 1986, 40 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, Memorial Spaulding School Extended Day Program Inc reported income of $370k and spending of $353k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $356k to $370k (+4.1%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 473%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memorial Spaulding School Extended Day Program Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Rock Rose School for Creative Learning ($370k), South Pointe Middle School Performing Arts Booster Club ($370k) and Warren T Jackson Elementary School Parent Teacher Organization Inc ($370k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $269k. At year end it held assets of $317k against liabilities of $0, net assets of $317k. It reported 12 employees.