Falmouth Academy Incorporated

Analysis

Falmouth Academy Incorporated is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in January 1978, 48 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, Falmouth Academy Incorporated reported income of $8.9m and spending of $8.7m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.6m to $8.9m (+17%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Falmouth Academy Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Manzano Day School ($8.9m), Northeast Ohio College Preparatory School ($8.9m) and Ceiba Public Schools ($8.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 80% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $25.2m against liabilities of $1.6m, net assets of $23.6m. It reported 100 employees.