St Johnsbury Academy

Analysis

St Johnsbury Academy is a registered charity in United States, based in St Johnsbury, VT. It received its IRS tax-exemption ruling in May 1937, 89 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, St Johnsbury Academy reported income of $38.4m and spending of $36.5m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $33.5m to $38.4m (+15%), an average of +3.5% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Johnsbury Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Southern Illinois University Foundation ($38.4m), Kansas City Art Institute ($38.4m) and Shipley School ($38.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.4% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $702k (1.9% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $76.6m against liabilities of $12.8m, net assets of $63.8m. It reported 441 employees.