Saint Marys School

Analysis

Saint Marys School is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1938, 88 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, Saint Marys School reported income of $19.9m and spending of $20.9m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.3m to $19.9m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Marys School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Lexington School Inc ($19.9m), Freedom Prep Charter School ($19.9m) and Tasis Dorado Educational Foundation Inc ($19.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $994k (4.8% of expenses). Other salaries and wages came to $6.6m. It paid $22k in professional fundraising fees. At year end it held assets of $90.3m against liabilities of $14.2m, net assets of $76.1m. It reported 211 employees.