The Bement School Inc

Analysis

The Bement School Inc is a registered charity in United States, based in Deerfield, MA. It received its IRS tax-exemption ruling in December 1958, 68 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 2024, The Bement School Inc reported income of $13.0m and spending of $10.6m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.5m to $13.0m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Bement School Inc 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 Cambridge School ($13.0m), Native Forward Scholars Fund ($13.0m) and Delmarva Christian Schools Inc ($13.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $254k (2.4% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $28.2m against liabilities of $5.7m, net assets of $22.5m. It reported 125 employees.