McCallie School Inc

Analysis

McCallie School Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in September 1938, 88 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, McCallie School Inc reported income of $63.6m and spending of $57.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $55.5m to $63.6m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McCallie School Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include McKendree University ($63.6m), South Dakota State University Foundation ($63.7m) and Simpson College ($63.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $1.8m (3.2% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $266.2m against liabilities of $42.6m, net assets of $223.6m. It reported 561 employees.