Foxcroft School

Analysis

Foxcroft School is a registered charity in United States, based in Middleburg, VA. It received its IRS tax-exemption ruling in April 1938, 88 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, Foxcroft School reported income of $33.3m and spending of $18.3m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.3m to $33.3m (+118%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 215%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foxcroft 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 98th percentile within VA. Charities of a similar size with the same main cause include Frontier Schools Inc ($33.2m), Millbrook School ($33.3m) and Trinity Valley School ($33.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $534k (2.9% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $163.1m against liabilities of $7.7m, net assets of $155.4m. It reported 128 employees.