Saint James School Inc

Analysis

Saint James School Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 1946, 80 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, Saint James School Inc reported income of $22.9m and spending of $15.7m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.1m to $22.9m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint James School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Kings Ridge Christian School Inc ($22.9m), Vista College Preparatory Inc ($22.9m) and Horizon Charter School ($22.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $338k (2.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $85.1m against liabilities of $7.0m, net assets of $78.1m. It reported 123 employees.