Friends Meeting School Inc

Analysis

Friends Meeting School Inc is a registered charity in United States, based in Ijamsville, MD. It received its IRS tax-exemption ruling in September 1996, 30 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 2024, Friends Meeting School Inc reported income of $2.5m and spending of $2.6m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.5m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 27%. 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, Friends Meeting School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Fotc - SF Bay Area ($2.5m), Fiddlehead School ($2.5m) and West Virginia Academy Ltd ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $181k (7.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.5m against liabilities of $2.6m, net assets of $2.0m. It reported 33 employees.