Lovett School

Analysis

Lovett School is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1937, 89 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, Lovett School reported income of $68.6m and spending of $68.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $59.7m to $68.6m (+15%), an average of +3.5% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lovett School sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include California State University Long Beach Research Foundation ($68.5m), Prager University Foundation ($68.7m) and University of South Florida Foundation Inc ($68.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.5m (2.2% of expenses). Other salaries and wages came to $30.9m. It paid $135k in professional fundraising fees. At year end it held assets of $250.2m against liabilities of $42.0m, net assets of $208.2m. It reported 768 employees.