Cushing Academy Trustees

Analysis

Cushing Academy Trustees is a registered charity in United States, based in Ashburnham, MA. It received its IRS tax-exemption ruling in November 1934, 92 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, Cushing Academy Trustees reported income of $35.4m and spending of $33.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $62.3m to $35.4m (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cushing Academy Trustees 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 Friends of the Children of Mississippi Inc ($35.4m), Iota Community Schools ($35.5m) and Hope School ($35.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.1m (3.4% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $237.3m against liabilities of $40.3m, net assets of $197.0m. It reported 224 employees.