Brooks School

Analysis

Brooks School is a registered charity in United States, based in North Andover, MA. It received its IRS tax-exemption ruling in December 1930, 96 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, Brooks School reported income of $42.7m and spending of $38.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.8m to $42.7m (+44%), an average of +9.5% 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, Brooks School 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 98th percentile within MA. Charities of a similar size with the same main cause include Albertus Magnus College ($42.7m), San Francisco University High School ($42.8m) and United States Naval Academy Foundation Inc ($42.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $908k (2.3% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $210.4m against liabilities of $52.1m, net assets of $158.3m. It reported 348 employees.