Millbrook School

Analysis

Millbrook School is a registered charity in United States, based in Millbrook, NY. It received its IRS tax-exemption ruling in November 1933, 93 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, Millbrook School reported income of $33.3m and spending of $33.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.8m to $33.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 32%. 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, Millbrook School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Foxcroft School ($33.3m), Lighthouse Community Public Schools ($33.3m) and Frontier Schools Inc ($33.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $750k (2.3% of expenses). Other salaries and wages came to $8.9m. It paid $20k in professional fundraising fees. At year end it held assets of $166.1m against liabilities of $34.5m, net assets of $131.6m. It reported 219 employees.