The Masters School Inc

Analysis

The Masters School Inc is a registered charity in United States, based in West Simsbury, CT. It received its IRS tax-exemption ruling in May 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Masters School Inc reported income of $4.8m and spending of $4.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $4.8m (-7.9%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Masters School Inc sits at the 92nd percentile: it is larger than about 92% 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 Hogar Ruth Para Mujeres Maltratadas Inc ($4.8m), Irene Wortham Center Inc ($4.8m) and Nicolet College Foundation Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $75k (1.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.6m against liabilities of $1.8m, net assets of $1.8m. It reported 79 employees.