St Annes Episcopal School

Analysis

St Annes Episcopal School is a registered charity in United States, based in Middletown, DE. It received its IRS tax-exemption ruling in July 2001, 25 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 2024, St Annes Episcopal School reported income of $7.6m and spending of $8.4m, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.7m to $7.6m (+33%), an average of +5.8% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Annes Episcopal School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within DE. Charities of a similar size with the same main cause include Eton Academy ($7.6m), Hill for Literacy Inc ($7.6m) and First State Military Academy ($7.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $409k (4.9% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $17.5m against liabilities of $3.4m, net assets of $14.1m. It reported 120 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.