Calvert School Inc
105 Tuscany Rd, Baltimore, MD · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $32,489,955 | $27,701,632 | $124,636,591 |
| FY2024 | $32,451,096 | $26,134,470 | $117,094,198 |
| FY2023 | $26,312,673 | $24,902,681 | $111,581,025 |
| FY2022 | $30,119,227 | $28,977,485 | $107,845,608 |
| FY2021 | $23,260,794 | $21,417,122 | $115,895,672 |
| FY2020 | $25,172,266 | $20,473,313 | $92,121,177 |
| FY2019 | $24,225,061 | $20,086,538 | $88,236,335 |
| FY2018 | $19,258,702 | $19,057,028 | $86,268,894 |
| FY2017 | $20,895,439 | $18,553,521 | $82,957,476 |
| FY2016 | $19,016,432 | $17,337,433 | $76,203,274 |
| FY2015 | $17,954,207 | $16,568,519 | $85,900,629 |
| FY2014 | $22,919,203 | $15,694,628 | $87,207,765 |
| FY2013 | $35,551,896 | $25,095,173 | $75,477,754 |
| FY2012 | $36,206,893 | $33,603,112 | $60,577,245 |
Form 990 filings
The returns filed by Calvert School Inc (EIN 52-0591510), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,469,375 | 8% |
| Program service revenue | $23,059,257 | 71% |
| Other revenue | $6,961,323 | 21% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $21,670,886 | 78% |
| Management & general | $5,193,318 | 19% |
| Fundraising | $837,428 | 3% |
What the numbers show
- Program service revenue made up 71% of total revenue in FY2025.
- Program services accounted for 78% of functional expenses, management & general 19%, and fundraising 3%.
- 78% of functional expenses went to program services in FY2025. That is higher than 28% of 93 Education organizations in MD.
- Net assets covered about 54 months of expenses at the end of the reporting year. That puts it in the 81st percentile among 1052 Education organizations in MD.
- Total revenue was higher than 96.9% of 1078 Education organizations in MD.
- Total revenue fell from $36,206,893 in FY2012 to $32,489,955 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $36,206,893 in FY2012.
- Net assets grew from $60,577,245 to $124,636,591 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
CALVERT SCHOOL IS DEDICATED TO EDUCATING BOYS AND GIRLS THROUGH ITS TIME-TESTED METHOD OF TEACHING AND ITS RIGOROUS CURRICULUM. PARTICULAR EMPHASIS IS GIVEN TO MASTERING ESSENTIAL SKILLS, INSPIRING A LIFELONG LOVE OF LEARNING, AND INSTILLING ENTHUSIASM, RESPONSIBILITY, AND SELF-DISCIPLINE.
IRS status
| Ruling year | 1935 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B200 — Education (in MD) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Roland Park Country School Inc — Baltimore, MD · $31,837,781
- Friends School of Baltimore Inc — Baltimore, MD · $36,204,585
- Garrison Forest School Inc — Owings Mills, MD · $28,719,733
- Boys Latin School of Maryland Incorporated — Baltimore, MD · $27,397,388
- Charles E Smith Jewish Day School of Greater Washington Inc — Rockville, MD · $38,491,840
- Park School of Baltimore Inc — Baltimore, MD · $38,665,354
- Bryn Mawr School for Girls of Baltimore City — Baltimore, MD · $44,688,707
- Morgan State University Foundation Incorporated — Baltimore, MD · $17,771,649
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.