Trustees of Thayer Academy

Analysis

Trustees of Thayer Academy is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in November 1933, 93 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, Trustees of Thayer Academy reported income of $47.1m and spending of $48.2m, spending 102% of its income. Across the 6 years on record, from June 2016 to June 2023, income grew from $34.9m to $47.1m (+35%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 66%. 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 Thayer Academy 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 New Teacher Center ($47.1m), Southwest Baptist University ($47.1m) and California Polytechnic State University Foundation ($47.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.0m (2.1% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $178.1m against liabilities of $78.3m, net assets of $99.8m. It reported 461 employees.