Tabor Academy

Analysis

Tabor Academy is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in October 1945, 81 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, Tabor Academy reported income of $52.8m and spending of $48.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.9m to $52.8m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. 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, Tabor 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 Isana ($52.7m), University of Louisville Foundation Inc ($52.8m) and Robert Louis Stevenson School ($52.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $874k (1.8% of expenses). Other salaries and wages came to $14.1m. It paid $34k in professional fundraising fees. At year end it held assets of $140.6m against liabilities of $42.6m, net assets of $97.9m. It reported 329 employees.