Calvert School Inc

Analysis

Calvert School Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1935, 91 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, Calvert School Inc reported income of $26.3m and spending of $24.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.2m to $26.3m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calvert 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 Institute for Better Education ($26.3m), United States Naval Academy Alumni Assoc ($26.3m) and Gateway Science Academy of St Louis ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $752k (3.0% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $128.8m against liabilities of $17.3m, net assets of $111.6m. It reported 275 employees.