Ivymount School Inc

Analysis

Ivymount School Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in November 1980, 46 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, Ivymount School Inc reported income of $19.3m and spending of $19.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.0m to $19.3m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivymount School Inc sits at the 96th 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 96th percentile within MD. Charities of a similar size with the same main cause include Rectory School Inc ($19.3m), Idaho Virtual Academy Inc ($19.3m) and Coastal Plains Education Center Inc ($19.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $588k (3.0% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $17.5m against liabilities of $3.5m, net assets of $13.9m. It reported 355 employees.