Thacher School Inc

Analysis

Thacher School Inc is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in April 1944, 82 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, Thacher School Inc reported income of $22.6m and spending of $39.8m, spending 176% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $46.4m to $22.6m (-51%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. 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, Thacher School Inc sits at the 96th 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 CA. Charities of a similar size with the same main cause include Athens Academy Inc ($22.6m), Hanalani Schools ($22.6m) and Eastern Nazarene College ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.7m (4.3% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $297.3m against liabilities of $23.2m, net assets of $274.1m. It reported 258 employees.