Glen Mills Schools

Analysis

Glen Mills Schools is a registered charity in United States, based in Glen Mills, PA. It received its IRS tax-exemption ruling in June 1958, 68 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, Glen Mills Schools reported income of $5.4m and spending of $12.4m, spending 229% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.1m to $5.4m (-78%), an average of -31% a year. The sharpest change came in the year to June 2020, when income dropped by 79%. Over the whole period it spent 142% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glen Mills Schools sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Highland Project Inc ($5.4m), Youngsville Academy Charter School Inc ($5.4m) and Berkshire Waldorf School Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $161k (1.3% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $51.7m against liabilities of $6.8m, net assets of $44.9m. It reported 93 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.