Landon School Corporation

Analysis

Landon School Corporation is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in May 1940, 86 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, Landon School Corporation reported income of $41.5m and spending of $38.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.5m to $41.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Landon School Corporation 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 Academy of the New Church ($41.4m), University of Northwestern Ohio ($41.5m) and Lake Charles Charter Academy Foundation Inc ($41.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.3m (3.4% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $125.0m against liabilities of $59.1m, net assets of $65.9m. It reported 388 employees.