Perkiomen School

Analysis

Perkiomen School is a registered charity in United States, based in Pennsburg, PA. It received its IRS tax-exemption ruling in December 1954, 72 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, Perkiomen School reported income of $28.1m and spending of $25.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.7m to $28.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 25%. 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, Perkiomen School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Environmental Charter School at Frick Park an Imagine School ($28.1m), Mitchell College ($28.1m) and Bear Creek School ($28.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.2m (4.6% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $53.9m against liabilities of $23.1m, net assets of $30.8m. It reported 131 employees.