Kent School Corporation

Analysis

Kent School Corporation is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in April 1938, 88 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, Kent School Corporation reported income of $48.3m and spending of $49.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $50.9m to $48.3m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kent School Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Mid-America Nazarene University ($48.3m), Berkshire School Inc ($48.3m) and Ohio Dominican University ($48.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $953k (1.9% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $214.9m against liabilities of $47.5m, net assets of $167.4m. It reported 329 employees.