Bishop Seabury Academy

Analysis

Bishop Seabury Academy is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in June 1994, 32 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, Bishop Seabury Academy reported income of $4.0m and spending of $4.2m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $4.0m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 122%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bishop Seabury Academy sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KS. Charities of a similar size with the same main cause include Catholic Charities Counseling and Adoption Services Inc ($4.0m), Mennomedia Inc ($4.0m) and Association for Asian Studies Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $158k (3.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $15.3m against liabilities of $6.0m, net assets of $9.3m. It reported 45 employees.