Advent School Corporation

Analysis

Advent School Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1963, 63 years ago. 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, Advent School Corporation reported income of $8.3m and spending of $7.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.3m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advent School Corporation 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 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Committee for Early Childhood Development Day Care Center Incorp ($8.3m), Habitat for Humanity International Inc ($8.3m) and Madison Area Rehabilitation Centers Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $922k (12% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $11.9m against liabilities of $9.0m, net assets of $2.9m. It reported 75 employees.