Bullis School Inc

Analysis

Bullis School Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in September 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, Bullis School Inc reported income of $54.4m and spending of $48.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.9m to $54.4m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bullis 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 98th percentile within MD. Charities of a similar size with the same main cause include Mound Farm Holdings Inc ($54.4m), Mastery Charter High School ($54.5m) and Governor Dummer Academy ($54.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.3m (2.6% of expenses). Other salaries and wages came to $19.2m. At year end it held assets of $128.0m against liabilities of $68.6m, net assets of $59.3m. It reported 460 employees.