Indian Mountain School Incorporated

Analysis

Indian Mountain School Incorporated is a registered charity in United States, based in Lakeville, CT. It received its IRS tax-exemption ruling in March 1930, 96 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, Indian Mountain School Incorporated reported income of $20.5m and spending of $16.6m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $20.5m (+71%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indian Mountain School Incorporated 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 97th percentile within CT. Charities of a similar size with the same main cause include Bronx Charter School for Better Learning ($20.5m), Berkeley Charter Education Association Inc ($20.5m) and Patrick Henry College ($20.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $722k (4.3% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $42.7m against liabilities of $11.9m, net assets of $30.8m. It reported 136 employees.