Noble and Greenough School

Analysis

Noble and Greenough School is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in February 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 August 2023, Noble and Greenough School reported income of $58.6m and spending of $58.1m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $52.9m to $58.6m (+11%), an average of +2.6% a year. The sharpest change came in the year to August 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noble and Greenough 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 Chesapeake Lighthouse Foundation Inc ($58.6m), Missouri Baptist University ($58.6m) and Fisk University ($58.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $2.1m (3.6% of expenses). Other salaries and wages came to $20.8m. At year end it held assets of $347.5m against liabilities of $58.4m, net assets of $289.1m. It reported 616 employees.