Wilbraham & Monson Academy

Analysis

Wilbraham & Monson Academy is a registered charity in United States, based in Wilbraham, MA. It received its IRS tax-exemption ruling in December 1967, 59 years ago. 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, Wilbraham & Monson Academy reported income of $26.7m and spending of $26.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.6m to $26.7m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wilbraham & Monson 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 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Yoakum Community Hospital ($26.7m), Missouri Corporation for Science and Technology ($26.7m) and Western Montana Mental Health Center ($26.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.4m (5.2% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $49.7m against liabilities of $24.3m, net assets of $25.4m. It reported 191 employees.