Tower Hill School

Analysis

Tower Hill School is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 1957, 69 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, Tower Hill School reported income of $39.9m and spending of $29.9m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.2m to $39.9m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tower Hill School 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 98th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Renew-Reinventing Education ($39.9m), Charles E Smith Jewish Day School of Greater Washington Inc ($40.0m) and Head Start of Greater Dallas Inc ($39.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $834k (2.8% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $116.1m against liabilities of $17.0m, net assets of $99.1m. It reported 277 employees.