Grymes Memorial School Inc

Analysis

Grymes Memorial School Inc is a registered charity in United States, based in Orange, VA. It received its IRS tax-exemption ruling in January 1957, 69 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, Grymes Memorial School Inc reported income of $6.7m and spending of $3.7m, leaving 44% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $6.7m (+163%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grymes Memorial School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Fayetteville Academy ($6.7m), Hopeworks N Camden Inc ($6.7m) and VHS Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $124k (3.3% of expenses). Other salaries and wages came to $1.7m. It paid $113k in professional fundraising fees. At year end it held assets of $21.4m against liabilities of $689k, net assets of $20.7m. It reported 54 employees.