Norfolk Collegiate School

Analysis

Norfolk Collegiate School is a registered charity in United States, based in Norfolk, 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 2024, Norfolk Collegiate School reported income of $14.7m and spending of $15.2m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $13.3m to $14.7m (+10%), an average of +2.0% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norfolk Collegiate School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include University Charter School ($14.7m), Ers Strategic Properties Inc ($14.7m) and McGillis School ($14.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $259k (1.7% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $25.0m against liabilities of $8.8m, net assets of $16.2m. It reported 221 employees.