Langley School Inc

Analysis

Langley School Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in August 1949, 77 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, Langley School Inc reported income of $24.2m and spending of $22.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.7m to $24.2m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Langley School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Cleary University ($24.2m), Florida State University Research Foundation Inc ($24.2m) and American Association of State Colleges and Universities ($24.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $754k (3.4% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $87.2m against liabilities of $40.4m, net assets of $46.8m. It reported 161 employees.