Canterbury School Inc

Analysis

Canterbury School Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in June 1978, 48 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, Canterbury School Inc reported income of $29.5m and spending of $17.4m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.0m to $29.5m (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canterbury School Inc 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 IN. Charities of a similar size with the same main cause include The Bay School of San Francisco ($29.4m), Laguna College of Art and Design ($29.5m) and Dumac Inc ($29.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $333k (1.9% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $27.4m against liabilities of $5.3m, net assets of $22.0m. It reported 284 employees.