Blair Academy

Analysis

Blair Academy is a registered charity in United States, based in Blairstown, NJ. It received its IRS tax-exemption ruling in May 1929, 97 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, Blair Academy reported income of $49.0m and spending of $42.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.3m to $49.0m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blair 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 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Summit Academy Management ($49.0m), New Schools Fund ($49.1m) and Arizona Leadership Foundation Inc ($49.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $875k (2.1% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $266.0m against liabilities of $29.2m, net assets of $236.8m. It reported 224 employees.