Chestnut Hill School

Analysis

Chestnut Hill School is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in March 1959, 67 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, Chestnut Hill School reported income of $12.6m and spending of $12.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $12.6m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chestnut Hill School sits at the 94th percentile: it is larger than about 94% 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 Pencil Foundation ($12.6m), Ilearn Schools Inc ($12.6m) and Society of Hospital Medicine ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $495k (4.1% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $33.9m against liabilities of $16.2m, net assets of $17.6m. It reported 198 employees.