Belmont Hill School Inc

Analysis

Belmont Hill School Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in April 1929, 97 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, Belmont Hill School Inc reported income of $41.1m and spending of $38.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $48.9m to $41.1m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont Hill School Inc 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 William & Mary Foundation ($41.1m), Voluntary Interdistrict Choice Corporation ($41.1m) and Wildwood School Inc ($41.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $1.4m (3.6% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $239.9m against liabilities of $41.1m, net assets of $198.8m. It reported 264 employees.