French American School of Puget Sound

Analysis

French American School of Puget Sound is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in February 1996, 30 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, French American School of Puget Sound reported income of $14.9m and spending of $14.0m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.9m to $14.9m (+37%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, French American School of Puget Sound 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 WA. Charities of a similar size with the same main cause include PHMC Integrated ($14.9m), Charter School of New Castle Inc ($14.9m) and South Tech Charter Academy Inc ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $607k (4.3% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $35.3m against liabilities of $21.1m, net assets of $14.2m. It reported 146 employees.