Belmont Day School Inc

Analysis

Belmont Day School Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in December 1944, 82 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, Belmont Day School Inc reported income of $19.9m and spending of $19.5m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $15.7m to $19.9m (+26%), an average of +6.0% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont Day 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 Prairie School Inc ($19.9m), The Orange Bowl Committee Inc ($19.9m) and Benedictine Educational Foundation ($19.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $592k (3.0% of expenses). Other salaries and wages came to $9.1m. It paid $82k in professional fundraising fees. At year end it held assets of $57.2m against liabilities of $25.9m, net assets of $31.3m. It reported 312 employees.