Kents Hill School

Analysis

Kents Hill School is a registered charity in United States, based in Kents Hill, ME. It received its IRS tax-exemption ruling in April 1950, 76 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, Kents Hill School reported income of $16.1m and spending of $18.6m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.1m to $16.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kents Hill School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Mount Sinai Hospital Insurance Trust No 1 ($16.1m), Pillsbury United Communities ($16.1m) and Blind Center of Nevada Inc ($16.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $451k (2.4% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $53.3m against liabilities of $13.9m, net assets of $39.4m. It reported 126 employees.