Independent Day School Incorporated

Analysis

Independent Day School Incorporated is a registered charity in United States, based in Middlefield, CT. It received its IRS tax-exemption ruling in November 1962, 64 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, Independent Day School Incorporated reported income of $4.7m and spending of $4.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $4.7m (+0.8%), an average of +0.2% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent Day School Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Montessori Country School of MD Inc ($4.7m), Chandler School Boosters Inc ($4.7m) and Gettysburg Montessori Charter School ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $299k (6.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.8m against liabilities of $3.2m, net assets of $2.6m. It reported 61 employees.