Nashoba Brooks School of Concord

Analysis

Nashoba Brooks School of Concord is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in May 1953, 73 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, Nashoba Brooks School of Concord reported income of $9.8m and spending of $11.4m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $11.7m to $9.8m (-16%), an average of -5.8% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nashoba Brooks School of Concord sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include University of Southern Indiana Foundation Inc ($9.8m), Marygrove Conservancy ($9.8m) and Tech Freire Charter School ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $422k (3.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $33.7m against liabilities of $6.5m, net assets of $27.2m. It reported 101 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.