Severn School Inc

Analysis

Severn School Inc is a registered charity in United States, based in Severna Park, MD. It received its IRS tax-exemption ruling in February 1973, 53 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, Severn School Inc reported income of $30.4m and spending of $27.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.2m to $30.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Severn School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Douglas-Cherokee Economic Authority Inc ($30.4m), Moody Endowment ($30.4m) and Tarbut Vtorah Community Day School ($30.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $707k (2.6% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $74.8m against liabilities of $13.6m, net assets of $61.2m. It reported 322 employees.