Governor Dummer Academy

Analysis

Governor Dummer Academy is a registered charity in United States, based in Byfield, MA. It received its IRS tax-exemption ruling in February 1935, 91 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, Governor Dummer Academy reported income of $54.3m and spending of $37.1m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.4m to $54.3m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 117%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Governor Dummer 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 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Hastings College ($54.3m), Mound Farm Holdings Inc ($54.4m) and University of Northern Iowa Foundation ($54.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $887k (2.4% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $172.4m against liabilities of $30.1m, net assets of $142.3m. It reported 294 employees.