Choate Rosemary Hall Foundation Incorporated

Analysis

Choate Rosemary Hall Foundation Incorporated is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in February 1975, 51 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, Choate Rosemary Hall Foundation Incorporated reported income of $87.9m and spending of $92.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $111.1m to $87.9m (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Choate Rosemary Hall Foundation Incorporated 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 Oklahoma Baptist University ($87.9m), Perkins School for the Blind ($88.4m) and Child Development Resources of Ventura County Inc ($87.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $1.9m (2.1% of expenses). Other salaries and wages came to $24.7m. At year end it held assets of $800.6m against liabilities of $90.0m, net assets of $710.7m. It reported 585 employees.