Hockaday School

Analysis

Hockaday School is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 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, Hockaday School reported income of $55.8m and spending of $51.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $47.3m to $55.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hockaday 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 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include University of Virginia Alumni Association ($55.8m), Graceland University ($55.9m) and American Indian College Fund ($55.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $964k (1.9% of expenses). Other salaries and wages came to $22.1m. At year end it held assets of $346.4m against liabilities of $55.3m, net assets of $291.1m. It reported 522 employees.