Hutchison School

Analysis

Hutchison School is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 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, Hutchison School reported income of $23.5m and spending of $23.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $23.8m to $23.5m (-1.3%), an average of -0.3% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hutchison School sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Hawking Steam Charter Schools Inc ($23.5m), Wichita Center for Graduate Medical Education Inc ($23.5m) and Fisher College ($23.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $545k (2.3% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $49.9m against liabilities of $21.7m, net assets of $28.3m. It reported 253 employees.