Fay School Inc

Analysis

Fay School Inc is a registered charity in United States, based in Southborough, MA. It received its IRS tax-exemption ruling in April 1924, 102 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, Fay School Inc reported income of $34.2m and spending of $32.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.9m to $34.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fay 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 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Shorecrest Preparatory School Inc ($34.2m), Sports Leadership and Management Inc ($34.2m) and Southwestern College ($34.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.1m (3.4% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $128.9m against liabilities of $64.9m, net assets of $64.0m. It reported 273 employees.