Proctor Academy

Analysis

Proctor Academy is a registered charity in United States, based in Andover, NH. It received its IRS tax-exemption ruling in June 1946, 80 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 2023, Proctor Academy reported income of $34.3m and spending of $32.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.9m to $34.3m (+18%), an average of +4.3% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Proctor 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 Houghton University ($34.3m), Marin Academy ($34.3m) and Northwestern Health Sciences University ($34.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $498k (1.5% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $92.7m against liabilities of $24.6m, net assets of $68.1m. It reported 329 employees.