St Richards Episcopal School Inc

Analysis

St Richards Episcopal School Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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, St Richards Episcopal School Inc reported income of $8.0m and spending of $7.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.6m to $8.0m (-6.6%), an average of -1.7% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Richards Episcopal School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Tieszen Memorial Home Inc ($8.0m), University Gynecologists & Obstetricians Inc ($8.0m) and Behavioral Research Association Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $231k (2.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $7.5m against liabilities of $966k, net assets of $6.5m. It reported 148 employees.