Vermont Academy

Analysis

Vermont Academy is a registered charity in United States, based in Saxtons River, VT. It received its IRS tax-exemption ruling in December 1944, 82 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, Vermont Academy reported income of $15.1m and spending of $16.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.5m to $15.1m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermont Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include Discovery Charter School ($15.1m), Miami Boarding School Inc ($15.1m) and Pine School Inc ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $503k (3.1% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $24.6m against liabilities of $6.6m, net assets of $18.0m. It reported 123 employees.