Friends School Inc

Analysis

Friends School Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in January 1991, 35 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 $4.7m and spending of $5.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.7m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 104% 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 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Mountain Sage Community School ($4.7m), Community College of Philadelphia Foundation ($4.7m) and Bay School ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $386k (7.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $8.4m against liabilities of $4.0m, net assets of $4.5m. It reported 71 employees.