Perkins School

Analysis

Perkins School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2004, 22 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 2023, Perkins School reported income of $3.5m and spending of $3.1m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.6m to $3.5m (+32%), an average of +9.8% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Perkins School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Bay City Christian School Inc ($3.5m), Collegiate Charter High School of Los Angeles ($3.5m) and On Point for College Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $296k (9.6% of expenses). Other salaries and wages came to $1.4m. It paid $5,000 in professional fundraising fees. At year end it held assets of $10.2m against liabilities of $5.4m, net assets of $4.8m. It reported 36 employees.