Menlo School

Analysis

Menlo School is a registered charity in United States, based in Atherton, CA. It received its IRS tax-exemption ruling in October 1994, 32 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, Menlo School reported income of $68.1m and spending of $68.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $82.1m to $68.1m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Menlo School sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Black Veterans for Social Justice Inc ($67.9m), Area Agency of Aging District 7 Inc ($68.3m) and Goodwill Industries of Arkansas Inc ($67.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.4m (2.0% of expenses). Other salaries and wages came to $28.0m. At year end it held assets of $320.7m against liabilities of $77.8m, net assets of $243.0m. It reported 436 employees.