Putney School Inc

Analysis

Putney School Inc is a registered charity in United States, based in Putney, VT. It received its IRS tax-exemption ruling in September 1937, 89 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, Putney School Inc reported income of $19.6m and spending of $19.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.3m to $19.6m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Putney School Inc 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 97th percentile within VT. Charities of a similar size with the same main cause include Ascentria Care Alliance Inc ($19.6m), Nobel Foundation ($19.6m) and Sal Family and Community Services ($19.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $855k (4.5% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $73.5m against liabilities of $11.9m, net assets of $61.6m. It reported 284 employees.