Trustees of the Lawrence Academy at Groton

Analysis

Trustees of the Lawrence Academy at Groton is a registered charity in United States, based in Groton, MA. It received its IRS tax-exemption ruling in October 1941, 85 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 2024, Trustees of the Lawrence Academy at Groton reported income of $35.8m and spending of $32.5m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $29.7m to $35.8m (+20%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of the Lawrence Academy at Groton 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 Michigan State University Foundation ($35.7m), Avon Grove Charter School ($35.9m) and Carroll School Corp ($35.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.2m (3.6% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $94.8m against liabilities of $14.5m, net assets of $80.3m. It reported 194 employees.