Salisbury School Inc

Analysis

Salisbury School Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in April 1972, 54 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 2024, Salisbury School Inc reported income of $6.4m and spending of $6.3m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.9m to $6.4m (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salisbury School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Promise Academy ($6.4m), Oregon Tech Foundation Inc ($6.4m) and Texas Tech Alumni Association ($6.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $268k (4.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $6.1m against liabilities of $4.3m, net assets of $1.8m. It reported 149 employees.