Hotchkiss School

Analysis

Hotchkiss School is a registered charity in United States, based in Lakeville, CT. It received its IRS tax-exemption ruling in January 1925, 101 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, Hotchkiss School reported income of $88.8m and spending of $83.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $83.4m to $88.8m (+6.4%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hotchkiss School sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Seminole Boosters Inc ($88.8m), Special Education Services ($88.8m) and Somerset Academy of Las Vegas ($88.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $1.9m (2.3% of expenses). Other salaries and wages came to $23.7m. At year end it held assets of $784.2m against liabilities of $93.8m, net assets of $690.4m. It reported 489 employees.