Cotting School Inc

Analysis

Cotting School Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in November 1952, 74 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, Cotting School Inc reported income of $20.1m and spending of $17.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.5m to $20.1m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cotting School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include North Carolina Central University Foundation Inc ($20.1m), Indiana-Kentucky-Ohio Reg Cncil of CRPNTRS JT Apprntc & Training Fund ($20.1m) and Friends of Mosdot Goor Inc ($20.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $611k (3.5% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $139.3m against liabilities of $14.7m, net assets of $124.6m. It reported 211 employees.