Pomfret School Incorporated

Analysis

Pomfret School Incorporated is a registered charity in United States, based in Pomfret, 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, Pomfret School Incorporated reported income of $36.3m and spending of $31.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.8m to $36.3m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pomfret School Incorporated 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 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Management Leadership for Tomorrow ($36.3m), Spectrum 360 a New Jersey Nonprofit Corporation ($36.4m) and Culver-Stockton College ($36.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $839k (2.7% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $144.9m against liabilities of $34.2m, net assets of $110.7m. It reported 207 employees.