The Parkmont School Inc

Analysis

The Parkmont School Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1995, 31 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 Parkmont School Inc reported income of $2.8m and spending of $3.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.8m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Parkmont School Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include United Lutheran Seminary Endowment Foundation ($2.8m), Philadelphia Classical School ($2.8m) and Foundation for Tacoma Students ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $164k (5.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.5m against liabilities of $657k, net assets of $809k. It reported 26 employees.