Fessenden School

Analysis

Fessenden School is a registered charity in United States, based in West Newton, MA. It received its IRS tax-exemption ruling in October 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 2023, Fessenden School reported income of $40.7m and spending of $38.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.1m to $40.7m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fessenden School 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 MA. Charities of a similar size with the same main cause include Atlanta Speech School Inc ($40.7m), Catlin Gabel School ($40.8m) and Legacy Traditional Schools - Nevada Inc ($40.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $783k (2.0% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $144.9m against liabilities of $52.3m, net assets of $92.7m. It reported 395 employees.