The Peabody School

Analysis

The Peabody School is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Peabody School reported income of $5.8m and spending of $5.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.8m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. 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, The Peabody School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Reaching All Minds Academy Inc ($5.8m), Community Montessori ($5.8m) and Bridge Educational Foundation ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $185k (3.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $9.6m against liabilities of $3.2m, net assets of $6.3m. It reported 68 employees.