Park School of Baltimore Inc

Analysis

Park School of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1942, 84 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, Park School of Baltimore Inc reported income of $39.8m and spending of $34.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.2m to $39.8m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park School of Baltimore 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 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Winsor School Inc ($39.8m), Escambia County School Readiness Coalition Inc ($39.8m) and American Council on Education ($39.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $852k (2.5% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $111.7m against liabilities of $14.2m, net assets of $97.6m. It reported 455 employees.