Kimball Union Academy

Analysis

Kimball Union Academy is a registered charity in United States, based in Meriden, NH. It received its IRS tax-exemption ruling in March 1943, 83 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Kimball Union Academy reported income of $31.6m and spending of $30.2m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $29.9m to $31.6m (+5.8%), an average of +1.4% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kimball Union Academy 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 98th percentile, and in the 98th percentile within NH. Charities of a similar size with the same main cause include Summit Academy Incorporated ($31.6m), Overlake School ($31.6m) and Briarcrest Christian School System Inc ($31.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $715k (2.4% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $146.2m against liabilities of $40.8m, net assets of $105.4m. It reported 199 employees.