Groton Community School Inc

Analysis

Groton Community School Inc is a registered charity in United States, based in Groton, MA. It received its IRS tax-exemption ruling in September 1976, 50 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 August 2023, Groton Community School Inc reported income of $1.9m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.9m (+22%), an average of +5.0% a year. The sharpest change came in the year to August 2022, when income rose by 53%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Groton Community School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include National Genealogical Society ($1.9m), Court Appointed Special Advocate Inc ($1.9m) and St Johns Healthcare Foundation ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $242k (15% of expenses). Other salaries and wages came to $752k. At year end it held assets of $8.2m against liabilities of $2.8m, net assets of $5.4m. It reported 34 employees.