Kent School Inc

Analysis

Kent School Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in December 1967, 59 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, Kent School Inc reported income of $3.2m and spending of $3.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.2m (+11%), an average of +2.5% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kent School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Resurgent Education and Community Health Service Inc ($3.2m), Penngift Foundation Inc ($3.2m) and Lexington Public Library Foundation ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $4.4m against liabilities of $770k, net assets of $3.7m. It reported 46 employees.