Bolles School

Analysis

Bolles School is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 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 July 2024, Bolles School reported income of $75.4m and spending of $59.5m, leaving 21% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $54.4m to $75.4m (+39%), an average of +6.7% a year. The sharpest change came in the year to July 2024, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bolles 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 FL. Charities of a similar size with the same main cause include Ripon College Board of Trustees ($75.4m), Oaks Christian School ($75.5m) and The College of Idaho Inc ($75.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 21% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $889k (1.5% of expenses). Other salaries and wages came to $21.5m. At year end it held assets of $168.8m against liabilities of $58.3m, net assets of $110.5m. It reported 510 employees.