Suffield Academy

Analysis

Suffield Academy is a registered charity in United States, based in Suffield, CT. It received its IRS tax-exemption ruling in May 1917, 109 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, Suffield Academy reported income of $37.6m and spending of $33.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.7m to $37.6m (+12%), an average of +2.8% a year. 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, Suffield Academy 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 Madeira School Inc ($37.6m), Kansas Wesleyan University ($37.7m) and Commit2dallas ($37.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $2.1m (6.3% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $171.6m against liabilities of $31.1m, net assets of $140.5m. It reported 255 employees.