McDonogh School Incorporated

Analysis

McDonogh School Incorporated is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in May 1977, 49 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, McDonogh School Incorporated reported income of $75.3m and spending of $67.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $70.5m to $75.3m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McDonogh School Incorporated 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 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Evangel University of the Assemblies of God ($75.2m), Westminster University ($75.3m) and Trustees of Deerfield Academy ($75.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.4m (2.0% of expenses). Other salaries and wages came to $27.0m. It paid $18k in professional fundraising fees. At year end it held assets of $299.7m against liabilities of $61.1m, net assets of $238.6m. It reported 967 employees.