St Paul's School
St Paul's School reported $133.7 million in revenue and $89.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $76.71 went to program services, $15.27 to management and general costs and $8.02 to fundraising. Its largest source of revenue was investment income: 59.0% of the total. The highest compensation it reported for one person was $1,048,590 (RECTOR). 45 people received more than $100,000 in reportable compensation. Revenue rose 94% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $89MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $134MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 8.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.45 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 11.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 29.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,048,590 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.18% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 45 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 128.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 22 of 23 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSt. Paul's school's primary program service is the education of students in grade 9 through 12, in a coeducational fully residential school environment. The school strives to be an inclusive, equitable, and richly diverse community, one that is committed to ensuring equal access to opportunities, as well as promoting individual growth through learning about the self and the perspectives and experience of others. The concentrated academic work done in collaboration by the students and faculty at st. Paul's school is the hallmark of our academic program. Through the school's rigorous academic…
St. Paul's school founded the advanced studies program (asp) in 1958 to provide talented new hampshire public and parochial high school risking seniors with challenging educational opportunities otherwise unavailable to them. Each summer, young men and women live on the st. Paul's school's campus for five and a half weeks. Students are immersed in a college-level curriculum and challenged to discover new ways of learning. Asp offers a wide variety of courses from shakespeare to astronomy, which thoroughly explore topics in several disciplines. In their time at asp, students become immersed in…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| RECTOR Director/trustee, officer, 60.00 hrs/week | $947,300 | $0 | $101,290 | $1,048,590 |
| RECTOR FOR FINANCE & ADMINISTRATION Officer, 50.00 hrs/week | $378,277 | $0 | $97,281 | $475,558 |
| VICE RECTOR OF SCHOOL LIFE Highest compensated employee, 50.00 hrs/week | $226,297 | $0 | $98,026 | $324,323 |
| CHIEF ADVANCEMENT OFFICER Highest compensated employee, 50.00 hrs/week | $242,216 | $0 | $81,237 | $323,453 |
| MEDICAL DIRECTOR Highest compensated employee, 60.00 hrs/week | $248,296 | $0 | $60,848 | $309,144 |
| VR FOR ACADEMICS & FACULTY Highest compensated employee, 50.00 hrs/week | $183,472 | $0 | $36,879 | $220,351 |
| DIRECTOR OF CAMPUS SAFETY Highest compensated employee, 50.00 hrs/week | $191,924 | $0 | $26,857 | $218,781 |
45 people received more than $100,000 in reportable compensation from St Paul's School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5413
- Volunteers Part I, line 622
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| HARVEY CONSTRUCTION CORP OF NHC Construction contractor | $11,813,475 |
| FLIK HOSPITALITY Dining services | $5,746,648 |
| JH SPAIN COMMERCIAL SERVICES LLC Construction contractor | $4,940,228 |
| KIERANTIMBERLAKE LLC Architect services | $1,963,000 |
| AW THERRIEN CO INC Construction contractor | $913,510 |
Individuals listed as contractors are left out. 37 contractors were paid more than $100,000 in all.
Private foundation grants it received
65 private foundations reported grants to St Paul's School totaling $2.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from St Paul's School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for St Paul's School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 St Paul's School spent in FY2025, $76.71 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Western Michigan University Homer Stryker MD School of MedicineKalamazoo, MI · revenue $134M · programs 84.0% · FY2025
- Patient Advocate FoundationHampton, VA · revenue $134M · programs 98.1% · FY2025
- Center for Creative LeadershipGreensboro, NC · revenue $134M · programs 87.6% · FY2025
- Oklahoma City UniversityOklahoma City, OK · revenue $134M · programs 92.2% · FY2025
- Law School Admission CouncilNewtown, PA · revenue $134M · programs 69.7% · FY2025
All education charities · Largest charities in New Hampshire
Questions people ask
How much of St Paul's School's spending goes to programs?
In the fiscal year ending June 30, 2025, St Paul's School reported that 76.7% of its $89.1 million in expenses went to program services, 15.3% to management and general and 8.0% to fundraising (Form 990, Part IX).
How much does St Paul's School pay its top executive?
The largest total compensation St Paul's School reported for one person in the fiscal year ending June 30, 2025 was $1,048,590, for the role of RECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does St Paul's School get its money?
Of $133.7 million in revenue in the fiscal year ending June 30, 2025, 11.8% came from contributions and grants and 29.1% from program service revenue (Form 990, Part VIII).
Is St Paul's School a registered charity?
The IRS lists EIN 02-0222227 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202543219349312814 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202443209349320144 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202343199349307439 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202243199349307214 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202113159349305711 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202033179349308008 · read the filing
All filings for EIN 02-0222227: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.