Derby Academy Trustees

Analysis

Derby Academy Trustees is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in November 1934, 92 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, Derby Academy Trustees reported income of $15.7m and spending of $15.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.6m to $15.7m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Derby Academy Trustees sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Presbyterian School ($15.6m), Green Street Academy Inc ($15.7m) and Grambling High Foundation ($15.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $590k (3.8% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $41.6m against liabilities of $16.6m, net assets of $25.0m. It reported 176 employees.