The Gunston School Incorporated

Analysis

The Gunston School Incorporated is a registered charity in United States, based in Centreville, MD. It received its IRS tax-exemption ruling in March 1956, 70 years ago. 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, The Gunston School Incorporated reported income of $10.0m and spending of $8.6m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.4m to $10.0m (+87%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Gunston School Incorporated sits at the 95th percentile: it is larger than about 95% 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 Marias Healthcare Services Inc ($10.0m), College of Physicians of Philadelphia ($10.0m) and Paws for Purple Hearts ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $279k (3.2% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $12.2m against liabilities of $4.7m, net assets of $7.5m. It reported 82 employees.