Salisbury School Inc

Analysis

Salisbury School Inc is a registered charity in United States, based in Salisbury, CT. It received its IRS tax-exemption ruling in December 1959, 67 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, Salisbury School Inc reported income of $35.6m and spending of $30.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.3m to $35.6m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 16%. 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, Salisbury School Inc 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 Options for Youth - Acton ($35.5m), John Burroughs School ($35.6m) and Faculty-Student Assoc of State University of Ny at Stony Brook ($35.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $1.6m (5.1% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $231.4m against liabilities of $51.7m, net assets of $179.7m. It reported 226 employees.