Potomac School

Analysis

Potomac School is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in May 1931, 95 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, Potomac School reported income of $60.3m and spending of $56.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $54.4m to $60.3m (+11%), an average of +2.6% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Potomac School 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 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Lincoln University ($60.3m), Firstline Schools Inc ($60.4m) and Mary Baldwin University ($60.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.4m (2.4% of expenses). Other salaries and wages came to $23.7m. It paid $48k in professional fundraising fees. At year end it held assets of $227.9m against liabilities of $73.8m, net assets of $154.1m. It reported 527 employees.