Pingree School Inc

Analysis

Pingree School Inc is a registered charity in United States, based in S Hamilton, MA. It received its IRS tax-exemption ruling in June 1963, 63 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, Pingree School Inc reported income of $27.5m and spending of $25.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.3m to $27.5m (+23%), an average of +5.4% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pingree School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Arizona Connections Academy Charter School ($27.5m), Gilbert Christian Schools Inc ($27.5m) and Transylvania Vocational Services Inc ($27.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $718k (2.8% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $57.6m against liabilities of $8.7m, net assets of $48.8m. It reported 267 employees.