Canterbury School Incorporated

Analysis

Canterbury School Incorporated is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in April 1922, 104 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, Canterbury School Incorporated reported income of $28.2m and spending of $27.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.6m to $28.2m (-4.5%), an average of -1.1% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canterbury School Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include University of South Dakota Foundation ($28.2m), Altus Schools Southern California ($28.2m) and South Sutter Charter School ($28.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.0m (3.7% of expenses). Other salaries and wages came to $8.2m. It paid $42k in professional fundraising fees. At year end it held assets of $98.2m against liabilities of $22.2m, net assets of $76.0m. It reported 203 employees.