Gilman School Inc

Analysis

Gilman School Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 1972, 54 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, Gilman School Inc reported income of $56.1m and spending of $48.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.4m to $56.1m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 55%. 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, Gilman School Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Empower Illinois ($56.1m), Brearley School ($56.1m) and Education for Change ($56.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $1.8m (3.8% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $277.3m against liabilities of $42.3m, net assets of $235.0m. It reported 369 employees.