Cardigan Mountain School

Analysis

Cardigan Mountain School is a registered charity in United States, based in Canaan, 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, Cardigan Mountain School reported income of $21.9m and spending of $22.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.6m to $21.9m (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cardigan Mountain School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NH. Charities of a similar size with the same main cause include Wheaton Academy ($21.9m), Gibault Inc ($21.9m) and El Paso Education Initiative Inc ($21.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $554k (2.4% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $85.2m against liabilities of $15.1m, net assets of $70.1m. It reported 189 employees.