Green Acres School Inc

Analysis

Green Acres School Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 1938, 88 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, Green Acres School Inc reported income of $9.4m and spending of $9.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.9m to $9.4m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Green Acres School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Annenberg School for Communication TR at the University of Pa ($9.4m), Arise High School ($9.4m) and Student Sponsor Partnership Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $237k (2.5% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $12.4m against liabilities of $6.0m, net assets of $6.4m. It reported 68 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.