Middlesex School

Analysis

Middlesex School is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in February 1944, 82 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, Middlesex School reported income of $42.4m and spending of $47.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $52.1m to $42.4m (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Middlesex 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 Little Scholars of Arkansas Foundation ($42.3m), Foundation for Advanced Education in the Sciences Inc ($42.4m) and The Seven Hills Schools ($42.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $2.0m (4.3% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $434.3m against liabilities of $80.6m, net assets of $353.7m. It reported 259 employees.