The Barnesville School Inc

Analysis

The Barnesville School Inc is a registered charity in United States, based in Barnesville, MD. It received its IRS tax-exemption ruling in August 1969, 57 years ago. 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 August 2023, The Barnesville School Inc reported income of $3.5m and spending of $3.6m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.4m to $3.5m (+4.6%), an average of +1.1% a year. The sharpest change came in the year to August 2020, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Barnesville School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include The Growhaus ($3.5m), U a Local 467 Apprenticeship and Training Trust ($3.5m) and Mercy Research ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $214k (5.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.7m against liabilities of $3.9m, net assets of $4.8m. It reported 60 employees.