Cape Henry Collegiate School Inc

Analysis

Cape Henry Collegiate School Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in August 1967, 59 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, Cape Henry Collegiate School Inc reported income of $27.2m and spending of $24.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.9m to $27.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cape Henry Collegiate 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 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Lionsgate Academy ($27.2m), Miami University Foundation Inc ($27.3m) and California State University - Northridge Foundation ($27.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $660k (2.7% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $65.1m against liabilities of $21.4m, net assets of $43.7m. It reported 350 employees.