Trustees of Westminster School Inc

Analysis

Trustees of Westminster School Inc is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in March 1937, 89 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, Trustees of Westminster School Inc reported income of $41.0m and spending of $40.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.3m to $41.0m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of Westminster 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 Cornell University Foundation ($41.0m), Newman University Inc ($41.0m) and Kent Place School ($40.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.1m (2.7% of expenses). Other salaries and wages came to $11.3m. It paid $37k in professional fundraising fees. At year end it held assets of $245.4m against liabilities of $72.1m, net assets of $173.4m. It reported 243 employees.