McGillis School

Analysis

McGillis School is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 2002, 24 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, McGillis School reported income of $14.7m and spending of $10.1m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $14.7m (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 40%. 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, McGillis School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Eastern Virginia Medical School Foundation ($14.7m), University Charter School ($14.7m) and Grover Cleveland-Mastery Charter School ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $519k (5.1% of expenses). Other salaries and wages came to $5.8m. It paid $67k in professional fundraising fees. At year end it held assets of $23.7m against liabilities of $5.5m, net assets of $18.2m. It reported 132 employees.