The Jemicy School Inc

Analysis

The Jemicy School Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in March 1974, 52 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, The Jemicy School Inc reported income of $23.6m and spending of $19.9m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.5m to $23.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Jemicy School Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Long Beach State Foundation ($23.6m), Foundation Academy Charter School ($23.6m) and Thomas M Cooley Law School ($23.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $730k (3.7% of expenses). Other salaries and wages came to $10.0m. It paid $20k in professional fundraising fees. At year end it held assets of $61.4m against liabilities of $7.6m, net assets of $53.7m. It reported 217 employees.