Centreville Layton School Inc

Analysis

Centreville Layton School Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Centreville Layton School Inc reported income of $4.2m and spending of $4.3m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.6m to $4.2m (+17%), an average of +4.1% a year. The sharpest change came in the year to July 2021, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centreville Layton School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within DE. Charities of a similar size with the same main cause include Friends Of@discovery Health Sciences Foundation Inc ($4.2m), USA Research and Technology Corporation ($4.2m) and Grumman Hill Montessori Association ($4.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.4% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $123k (2.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $12.5m against liabilities of $2.5m, net assets of $10.1m. It reported 61 employees.