Solebury School

Analysis

Solebury School is a registered charity in United States, based in New Hope, PA. It received its IRS tax-exemption ruling in November 1938, 88 years ago. 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, Solebury School reported income of $17.1m and spending of $17.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $17.1m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solebury 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 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Gateway Counseling Center Inc ($17.1m), Sholom Home West Inc ($17.1m) and CNS Professional Services ($17.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $490k (2.8% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $43.7m against liabilities of $16.2m, net assets of $27.5m. It reported 219 employees.