Benjamin Private School Inc

Analysis

Benjamin Private School Inc is a registered charity in United States, based in N Palm Beach, FL. It received its IRS tax-exemption ruling in September 1974, 52 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, Benjamin Private School Inc reported income of $43.4m and spending of $37.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.0m to $43.4m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 16%. 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, Benjamin Private School Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Spalding University ($43.4m), District of Columbia International School ($43.4m) and Cleveland Institute of Art ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $716k (1.9% of expenses). Other salaries and wages came to $16.9m. It paid $181k in professional fundraising fees. At year end it held assets of $105.8m against liabilities of $36.7m, net assets of $69.1m. It reported 363 employees.