Boys Latin School of Maryland Incorporated

Analysis

Boys Latin School of Maryland Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1961, 65 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, Boys Latin School of Maryland Incorporated reported income of $32.3m and spending of $25.8m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.0m to $32.3m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boys Latin School of Maryland Incorporated 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 98th percentile within MD. Charities of a similar size with the same main cause include Arizona Tuition Connection Inc ($32.3m), Capital City Public Charter School Inc ($32.4m) and Kent Denver Country Day School ($32.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $601k (2.3% of expenses). Other salaries and wages came to $9.6m. It paid $30k in professional fundraising fees. At year end it held assets of $135.8m against liabilities of $45.2m, net assets of $90.6m. It reported 229 employees.