St Michaels School and Nursery Inc

Analysis

St Michaels School and Nursery Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 1933, 93 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Michaels School and Nursery Inc reported income of $8.1m and spending of $2.8m, leaving 65% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $8.1m (+329%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 123%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Michaels School and Nursery 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 DE. Charities of a similar size with the same main cause include Wah Mei School ($8.0m), Cokato Charitable Trust ($8.1m) and Holy Spirit Retirement Home Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $142k (5.1% of expenses). Other salaries and wages came to $1.6m. It paid $84k in professional fundraising fees. At year end it held assets of $10.4m against liabilities of $257k, net assets of $10.1m. It reported 58 employees.