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Pennsylvania · Nonprofit

THE BALDWIN SCHOOL

THE BALDWIN SCHOOL (Pennsylvania) receives grants from 77 organizations whose IRS filings report $14,063,908 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($5,020,021). 47 of them have funded it in more than one year, and 51% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$29M
Funders on record
77
Grants received
$14M
Net assets
$71M
47/77 repeat funderspeak grant-dependency 19%
01What it does

What The Baldwin School does

Mission

The Baldwin School, an independent college preparatory school, develops talented girls into confident young women with vision, global understanding and the competency to make significant and enduring contributions to the world. The school nurtures our students' passion for intellectual rigor in academics, creativity in the arts and competition in athletics, forming women capable of leading their generation while living balanced lives.

As stated on its FY2025 Form 990.

Program

  1. Private school education to girls in grades pre-k through 12.

    $22,196,230 spentof which $3,447,209 as grants$21,695,203 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $22,196,230.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($24M) Expenses 100 ($24M) Net assets 100 ($27M)2018 Revenue 96 ($23M) Expenses 98 ($23M) Net assets 108 ($30M)2019 Revenue 101 ($24M) Expenses 99 ($23M) Net assets 112 ($31M)2020 Revenue 105 ($25M) Expenses 95 ($23M) Net assets 118 ($32M)2021 Revenue 146 ($35M) Expenses 97 ($23M) Net assets 190 ($52M)2022 Revenue 123 ($29M) Expenses 97 ($23M) Net assets 202 ($55M)2023 Revenue 116 ($28M) Expenses 105 ($25M) Net assets 224 ($61M)2024 Revenue 111 ($26M) Expenses 110 ($26M) Net assets 238 ($65M)2025 Revenue 121 ($29M) Expenses 116 ($27M) Net assets 257 ($71M)
'17'18'19'20'21'22'23'24'25
Revenue (121)Expenses (116)Net assets (257)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $58M to $76M (+32%).

$52M
$53M
$55M
$58M
$76M
$75M
$81M
$84M
$88M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2022 7%. Grants only. Government contracts and fees sit inside program revenue.

18% of THE BALDWIN SCHOOL’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$223k
’17
−$69k
’18
$641k
’19
$2.6M
’20
$12M
’21
$6.3M
’22
$2.9M
’23
$260k
’24
$1.6M
’25
6.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Rachel Stern

Chair of the board

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed253936343537373836
Joined·+18+11+9+9+13+7+9+7
No longer listed·41411811789
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 15 funders to 26 funders, grant income rose $85k → $911k.

19 of 77 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 51% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE BALDWIN SCHOOL’s funders (the co-funder graph). Top 30 of 77 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE BALDWIN SCHOOL leans on a few funders — its largest provides 36% of grant income and the top three 73%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

86% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE BALDWIN SCHOOL.

36%
largest funder
73%
top three
~4
effective funders

Largest funder’s share by year: 2017 21% · 2018 76% · 2019 87% · 2020 30% · 2021 74% · 2022 36% · 2023 42% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

37% of THE BALDWIN SCHOOL's funders are still giving 3 years after their first grant; 61% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

51% of THE BALDWIN SCHOOL's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $6.9M that is directly attributable, 93% of it comes from Pennsylvania funders.

NH
WA
MN
IL
NY
MA
PA
NJ
CT
CA
MO
VA
DE
NC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Pennsylvania out of state home

Funder states come from each funder’s own filing. $7.1M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE BALDWIN SCHOOL runs a healthier operating margin than half of the 3,794 education nonprofits its size.

Operating margin5% · above the median
Months of reserve6.0mo · above the median
Revenue growth (annualized)2% · bottom quartile

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like THE BALDWIN SCHOOL

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

81% of spending goes to programs.

Program 81%Management 14%Fundraising 5%

Governance

30
board members
90%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for THE BALDWIN SCHOOL: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE BALDWIN SCHOOL?
THE BALDWIN SCHOOL (Pennsylvania) receives grants from 77 organizations whose IRS filings report $14,063,908 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($5,020,021). 47 of them have funded it in more than one year, and 51% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does THE BALDWIN SCHOOL have?
IRS filings report 77 organizations giving $14,063,908 in grants to THE BALDWIN SCHOOL, 47 of which have funded it in more than one year.
Who is the largest funder of THE BALDWIN SCHOOL?
NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $5,020,021 in grants. The full list of funders is on this page.
How can an organization like THE BALDWIN SCHOOL find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Baldwin School →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 77 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing