Madeira School Inc

Analysis

Madeira School Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in March 1951, 75 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, Madeira School Inc reported income of $37.6m and spending of $27.9m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $41.0m to $37.6m (-8.1%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income rose by 105%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madeira School Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Commit2dallas ($37.6m), Suffield Academy ($37.6m) and Concord Academy ($37.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1.2m (4.3% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $211.5m against liabilities of $26.2m, net assets of $185.3m. It reported 299 employees.