Brookewood School Inc

Analysis

Brookewood School Inc is a registered charity in United States, based in Wheaton, MD. It received its IRS tax-exemption ruling in September 2019, 7 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, Brookewood School Inc reported income of $2.3m and spending of $1.8m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.3m (+109%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brookewood School Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include New School ($2.3m), Ignite Achievement Academy ($2.3m) and Detroit Achievement Academy Foundation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $202k (11% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $540k, net assets of $947k. It reported 46 employees.