Friends School Inc

Analysis

Friends School Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1992, 34 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, Friends School Inc reported income of $2.4m and spending of $2.2m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.4m (+31%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends School Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Kaskaskia College Foundation ($2.4m), Island School ($2.4m) and Sonshine Christian Academy ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 81% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $1.3m against liabilities of $295k, net assets of $971k. It reported 65 employees.