Collegiate School

Analysis

Collegiate School is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 1972, 54 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, Collegiate School reported income of $64.6m and spending of $58.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $61.9m to $64.6m (+4.5%), an average of +1.1% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Collegiate School 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 VA. Charities of a similar size with the same main cause include Heidelberg University ($64.6m), University of Maine Foundation ($64.7m) and Mission Vista Academy ($64.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $2.1m (3.5% of expenses). Other salaries and wages came to $25.0m. At year end it held assets of $170.9m against liabilities of $35.9m, net assets of $135.0m. It reported 720 employees.