St Michaels Episcopal School Inc
St Michaels Episcopal School Inc shows consistent asset growth but fluctuating revenues and expenses with no reported officer compensation.
EIN: 201384329 · Richmond, VA · NTEE: B192 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $6.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $21.2M |
| Transparency Score | 75/100 |
Is St Michaels Episcopal School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Michaels Episcopal School Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Michaels Episcopal School Inc
St Michaels Episcopal School Inc (EIN: 201384329) is a nonprofit organization based in Richmond, VA, classified under NTEE code B192. The organization reported total revenue of $7.4M and total assets of $26.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Michaels Episcopal School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Michaels Episcopal School Inc is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-44,905 |
| Total Assets | $29.0M |
| Total Liabilities | $7.9M |
| Net Assets | $21.2M |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 27.1% |
| Months of Reserves | 50.5 months |
Financial Health Grade: B
In 2024, St Michaels Episcopal School Inc reported a deficit of $45K with expenses exceeding revenue, holds 50.5 months of operating reserves (strong position), has a debt-to-asset ratio of 27.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), St Michaels Episcopal School Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.9% | +2.7% | -0.6% |
| 2023 | +229.1% | +453.5% | +7.3% |
| 2022 | +89.8% | +26.7% | +4.2% |
| 2021 | -85.6% | -22.9% | +0.5% |
| 2020 | +555.9% | +1.7% | +30.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Michaels Episcopal School Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, St Michaels Episcopal School Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with revenues exceeding $6 million. This suggests that executive compensation may be categorized differently or that leadership roles are entirely volunteer-based, which could be a strength in terms of resource allocation but also raises questions about the full cost of operations.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of St Michaels Episcopal School Inc's IRS 990 filings:
- Unexplained 0% officer compensation despite significant organizational size and revenue.
- Significant year-over-year fluctuations in revenue and expenses without clear context.
Strengths
The following positive indicators were identified for St Michaels Episcopal School Inc:
- Consistent growth in total assets, from $11,436,149 in 2015 to $29,025,607 in 2024, indicating strong financial health and asset management.
- Expenses closely track revenue in recent years (e.g., 2024 revenue $6,854,207 vs. expenses $6,899,112), suggesting funds are being actively utilized for operations.
- Assets consistently exceed liabilities, demonstrating good solvency and financial stability.
Frequently Asked Questions about St Michaels Episcopal School Inc
Is St Michaels Episcopal School Inc a legitimate charity?
St Michaels Episcopal School Inc (EIN: 201384329) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $7.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does St Michaels Episcopal School Inc spend its money?
St Michaels Episcopal School Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to St Michaels Episcopal School Inc tax-deductible?
St Michaels Episcopal School Inc is registered as a tax-exempt nonprofit (EIN: 201384329). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Michaels Episcopal School Inc CEO make?
St Michaels Episcopal School Inc's highest-compensated officer earns $6 annually. The organization reported $7.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of St Michaels Episcopal School Inc's spending goes to programs?
St Michaels Episcopal School Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Michaels Episcopal School Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), St Michaels Episcopal School Inc is above average for NTEE category B192 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Michaels Episcopal School Inc located?
St Michaels Episcopal School Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 201384329. It is classified under NTEE code B192.
How many years of IRS 990 filings does St Michaels Episcopal School Inc have?
St Michaels Episcopal School Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.4M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings, despite significant revenue and asset levels, suggests that executive compensation might be classified under other expense categories or that the organization relies on volunteer leadership. Further detail would be needed to understand the true cost of executive management.
What caused the significant fluctuations in revenue and expenses between 2021 and 2024?
Revenue increased from $1,066,235 in 2021 to $6,854,207 in 2024, and expenses similarly rose from $958,820 to $6,899,112. Understanding the specific drivers behind these large swings, such as new programs, capital campaigns, or changes in funding models, is crucial for assessing financial stability and growth strategy.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While overall expenses are provided, a detailed breakdown is not available in the provided data. Knowing these percentages would allow for a more precise evaluation of spending efficiency and how much of the budget directly supports the organization's educational mission.
Filing History
IRS 990 filing history for St Michaels Episcopal School Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), St Michaels Episcopal School Inc's revenue has grown by 500.2%, moving from $1.1M to $6.9M. Total assets increased by 161.9% over the same period, from $11.1M to $29.0M. Total functional expenses rose by 667.3%, from $899K to $6.9M. In its most recent filing year (2024), St Michaels Episcopal School Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $7.9M in liabilities against $29.0M in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $21.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.9M | $6.9M | $29.0M | $7.9M | — | View 990 |
| 2023 | $6.7M | $6.7M | $29.2M | $8.0M | — | — |
| 2022 | $2.0M | $1.2M | $27.2M | $10.2M | — | View 990 |
| 2021 | $1.1M | $959K | $26.1M | $9.9M | — | View 990 |
| 2020 | $7.4M | $1.2M | $26.0M | $9.9M | — | View 990 |
| 2019 | $1.1M | $1.2M | $20.0M | $10.1M | — | View 990 |
| 2018 | $1.4M | $697K | $20.8M | $10.8M | — | View 990 |
| 2017 | $940K | $629K | $11.7M | $2.4M | — | View 990 |
| 2016 | $839K | $634K | $11.5M | $2.5M | — | View 990 |
| 2015 | $2.5M | $699K | $11.4M | $2.6M | — | View 990 |
| 2014 | $378K | $710K | $10.5M | $3.4M | — | View 990 |
| 2013 | $901K | $723K | $10.9M | $3.5M | — | View 990 |
| 2012 | $1.7M | $789K | $11.3M | $4.1M | — | View 990 |
| 2011 | $1.1M | $899K | $11.1M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.9M, expenses of $6.9M, and assets of $29.0M (revenue +2.9% year-over-year).
- 2023: Revenue of $6.7M, expenses of $6.7M, and assets of $29.2M (revenue +229.1% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.2M, and assets of $27.2M (revenue +89.8% year-over-year).
- 2021: Revenue of $1.1M, expenses of $959K, and assets of $26.1M (revenue -85.6% year-over-year).
- 2020: Revenue of $7.4M, expenses of $1.2M, and assets of $26.0M (revenue +555.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $20.0M (revenue -17.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $697K, and assets of $20.8M (revenue +45.6% year-over-year).
- 2017: Revenue of $940K, expenses of $629K, and assets of $11.7M (revenue +12.0% year-over-year).
- 2016: Revenue of $839K, expenses of $634K, and assets of $11.5M (revenue -65.7% year-over-year).
- 2015: Revenue of $2.5M, expenses of $699K, and assets of $11.4M (revenue +548.8% year-over-year).
- 2014: Revenue of $378K, expenses of $710K, and assets of $10.5M (revenue -58.1% year-over-year).
- 2013: Revenue of $901K, expenses of $723K, and assets of $10.9M (revenue -46.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $789K, and assets of $11.3M (revenue +48.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $899K, and assets of $11.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Michaels Episcopal School Inc:
Data Sources and Methodology
This transparency report for St Michaels Episcopal School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.