Trustees of Deerfield Academy

Analysis

Trustees of Deerfield Academy is a registered charity in United States, based in Deerfield, MA. It received its IRS tax-exemption ruling in April 1947, 79 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, Trustees of Deerfield Academy reported income of $75.1m and spending of $87.8m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $83.6m to $75.1m (-10%), an average of -2.6% a year. The sharpest change came in the year to June 2023, when income dropped by 67%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of Deerfield Academy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Georgia State University Foundation Inc ($75.1m), Evangel University of the Assemblies of God ($75.2m) and Clemson University Foundation ($75.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $2.0m (2.3% of expenses). Other salaries and wages came to $28.4m. It paid $42k in professional fundraising fees. At year end it held assets of $1.22bn against liabilities of $95.4m, net assets of $1.12bn. It reported 626 employees.