Key School Inc

Analysis

Key School Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 1962, 64 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, Key School Inc reported income of $24.7m and spending of $23.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.0m to $24.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Key School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Foundation for Western Washington University and Alumni ($24.7m), Abington Friends School ($24.7m) and San Jacinto Valley Academy Inc ($24.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $631k (2.7% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $69.6m against liabilities of $32.7m, net assets of $36.8m. It reported 317 employees.