Waring School Inc

Analysis

Waring School Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in September 1971, 55 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, Waring School Inc reported income of $7.4m and spending of $7.5m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.3m to $7.4m (+18%), an average of +5.8% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waring School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Crosswalk Hesperia Experiential Learning Pathways ($7.4m), Adirondack Community Action Programs Inc ($7.4m) and Beta Theta Pi Foundation ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 75% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $17.2m against liabilities of $2.6m, net assets of $14.6m. It reported 100 employees.