Malvern Preparatory School

Analysis

Malvern Preparatory School is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in March 1946, 80 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, Malvern Preparatory School reported income of $37.5m and spending of $30.1m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.0m to $37.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malvern Preparatory School 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 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include The Heron Institute ($37.4m), Lehigh Valley Academy Charter School ($37.5m) and Early Learning Coalition of Marion County Inc ($37.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $252k (0.8% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $85.6m against liabilities of $11.1m, net assets of $74.5m. It reported 253 employees.