Groton School

Analysis

Groton School is a registered charity in United States, based in Groton, 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, Groton School reported income of $54.7m and spending of $55.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $57.0m to $54.7m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to June 2021, when income rose by 40%. 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, Groton 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 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Teach for All Inc ($54.7m), Roberts Wesleyan University ($54.8m) and Averett University ($54.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $1.3m (2.3% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $637.0m against liabilities of $82.4m, net assets of $554.6m. It reported 209 employees.