Winchendon School Inc

Analysis

Winchendon School Inc is a registered charity in United States, based in Winchendon, MA. It received its IRS tax-exemption ruling in October 1953, 73 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 August 2023, Winchendon School Inc reported income of $17.6m and spending of $19.6m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $14.4m to $17.6m (+22%), an average of +5.1% a year. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Winchendon School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Individual Education Plan Academy ($17.6m), Archimedean Academy Inc ($17.6m) and Gainesville Independent School Inc ($17.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $614k (3.1% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $69.6m against liabilities of $21.6m, net assets of $48.1m. It reported 171 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.