Laurel School

Analysis

Laurel School is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in December 1940, 86 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, Laurel School reported income of $26.0m and spending of $28.5m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.2m to $26.0m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laurel 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 98th percentile within OH. Charities of a similar size with the same main cause include Trinity School Inc ($26.0m), Two Rivers Public Charter School Inc ($26.1m) and Tallulah Falls School Inc ($26.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $678k (2.4% of expenses). Other salaries and wages came to $10.3m. It paid $168k in professional fundraising fees. At year end it held assets of $87.5m against liabilities of $20.3m, net assets of $67.2m. It reported 316 employees.