St Marks School of Texas

Analysis

St Marks School of Texas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1952, 74 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, St Marks School of Texas reported income of $66.6m and spending of $45.8m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.4m to $66.6m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Marks School of Texas sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Transylvania University ($66.5m), Armand Hammer United World College of the American West ($66.7m) and Collegiate Academies ($66.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $2.4m (5.1% of expenses). Other salaries and wages came to $18.5m. It paid $42k in professional fundraising fees. At year end it held assets of $366.6m against liabilities of $37.7m, net assets of $329.0m. It reported 295 employees.