McLean School of Maryland Inc

Analysis

McLean School of Maryland Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in November 1978, 48 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, McLean School of Maryland Inc reported income of $31.9m and spending of $28.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $31.9m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McLean School of Maryland Inc sits at the 97th percentile: it is larger than about 97% 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 Flintridge Preparatory School ($31.8m), Halo Network Inc ($31.9m) and Mathematics Science & Technology Community Charter School ($31.8m).

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 $913k (3.2% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $34.9m against liabilities of $31.9m, net assets of $3.0m. It reported 225 employees.