St Andrews Episcopal School Inc

Analysis

St Andrews Episcopal School Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in January 1979, 47 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 June 2023, St Andrews Episcopal School Inc reported income of $37.3m and spending of $36.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.4m to $37.3m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Andrews Episcopal School Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include American College of Chest Physicians ($37.1m), Swords to Plowshares Veterans Rights Organization ($37.3m) and Rocklin Academy ($37.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.0m (2.7% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $91.1m against liabilities of $47.5m, net assets of $43.6m. It reported 280 employees.