Plumfield Academy Inc

Analysis

Plumfield Academy Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in December 1998, 28 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, Plumfield Academy Inc reported income of $375k and spending of $358k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $272k to $375k (+38%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plumfield Academy Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Vermont Energy Education Program Incorporated ($375k), Taha Foundation ($375k) and Sharon School of Excellence Inc ($375k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $204k. At year end it held assets of $175k against liabilities of $7,204, net assets of $168k. It reported 10 employees.