New Canaan Country School Inc

Analysis

New Canaan Country School Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in October 1939, 87 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, New Canaan Country School Inc reported income of $33.8m and spending of $34.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $35.9m to $33.8m (-6.0%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Canaan Country School Inc 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 98th percentile within CT. Charities of a similar size with the same main cause include Old Dominion University Educational Foundation ($33.8m), Leaguers Inc ($33.8m) and Brewster Academy ($33.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $2.2m (6.3% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $113.8m against liabilities of $13.3m, net assets of $100.5m. It reported 338 employees.