Hitchcock Free Academy

Analysis

Hitchcock Free Academy is a registered charity in United States, based in Brimfield, MA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hitchcock Free Academy reported income of $220k and spending of $304k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $476k to $220k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hitchcock Free Academy sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Texas Math & Science Coaches Association ($220k), HRH Health Services Corporation ($220k) and Cal Coast Cares Foundation ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 47% of the total. Other salaries and wages came to $119k. At year end it held assets of $2.5m against liabilities of $4,189, net assets of $2.5m. It reported 13 employees.