St Marys Episcopal School

Analysis

St Marys Episcopal School is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1965, 61 years ago. 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, St Marys Episcopal School reported income of $26.8m and spending of $23.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.1m to $26.8m (+21%), an average of +4.9% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Episcopal School 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 98th percentile within TN. Charities of a similar size with the same main cause include Loma Linda University Adventist Health Sciences CNTR Liability TR ($26.8m), Brothers of Mercy Nursing Home Company Inc ($26.8m) and Albina Head Start Inc ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $529k (2.3% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $82.3m against liabilities of $25.2m, net assets of $57.2m. It reported 320 employees.