Canterbury School Corporation

Analysis

Canterbury School Corporation is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 1966, 60 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, Canterbury School Corporation reported income of $26.3m and spending of $26.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.6m to $26.3m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canterbury School Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Coker University ($26.3m), Vmi Foundation ($26.3m) and Franklin Switzerland Inc ($26.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $376k (1.4% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $34.4m against liabilities of $18.0m, net assets of $16.4m. It reported 232 employees.