Steward School Corporation

Analysis

Steward School Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. 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, Steward School Corporation reported income of $25.5m and spending of $23.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.3m to $25.5m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steward School Corporation 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 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include The Redwoods-A Community of Seniors ($25.5m), St Coletta of Greater Washington Inc ($25.6m) and Northwest Health Services Inc ($25.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $542k (2.3% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $32.2m against liabilities of $10.1m, net assets of $22.2m. It reported 300 employees.