Grafton School Incorporated

Analysis

Grafton School Incorporated is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in August 1966, 60 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, Grafton School Incorporated reported income of $58.9m and spending of $59.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.1m to $58.9m (+1.4%), an average of +0.3% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grafton School Incorporated 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 John Adams Academies Inc ($58.9m), Edgewood University Inc ($59.0m) and Georgian Court University ($58.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.9m (3.2% of expenses). Other salaries and wages came to $34.5m. At year end it held assets of $59.3m against liabilities of $14.5m, net assets of $44.8m. It reported 875 employees.