Tenacre Country Day School Corporation

Analysis

Tenacre Country Day School Corporation is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in December 1972, 54 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, Tenacre Country Day School Corporation reported income of $11.8m and spending of $11.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $11.8m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tenacre Country Day 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 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Riverview Charter School Inc ($11.8m), NJ Edge Net Inc ($11.8m) and D-Veal Corporation ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.0m (8.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $51.4m against liabilities of $12.0m, net assets of $39.4m. It reported 198 employees.