Westover School Inc

Analysis

Westover School Inc is a registered charity in United States, based in Middlebury, CT. It received its IRS tax-exemption ruling in November 1943, 83 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, Westover School Inc reported income of $20.6m and spending of $19.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.0m to $20.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westover School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Ave Maria School of Law ($20.6m), Randolph Macon Academy ($20.6m) and Thomas University Inc ($20.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $608k (3.1% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $105.0m against liabilities of $21.5m, net assets of $83.4m. It reported 152 employees.