St Timothys School Inc

Analysis

St Timothys School Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2001, 25 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, St Timothys School Inc reported income of $10.5m and spending of $9.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.9m to $10.5m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Timothys School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include First Steps Kent ($10.5m), Pipefitters Local Union No 537 Education Trust ($10.5m) and Oregon for Quality Virtual Education Inc ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $422k (4.3% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $15.4m against liabilities of $6.4m, net assets of $9.0m. It reported 177 employees.