Northfield Mount Hermon School

Analysis

Northfield Mount Hermon School is a registered charity in United States, based in Mount Hermon, MA. It received its IRS tax-exemption ruling in August 1932, 94 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, Northfield Mount Hermon School reported income of $69.3m and spending of $60.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.9m to $69.3m (+6.7%), an average of +1.6% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northfield Mount Hermon School sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Our Lady of the Lake University of San Antonio ($69.2m), Freed-Hardeman University ($69.3m) and Goal Academy ($69.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.6m (2.6% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $333.1m against liabilities of $94.0m, net assets of $239.1m. It reported 558 employees.