Putney School
Putney School reported $29.0 million in revenue and $21.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.17 went to program services, $18.72 to management and general costs and $3.11 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 58.4% of the total. The highest compensation it reported for one person was $360,077 (HEAD OF SCHOOL/TRUSTEE). 5 people received more than $100,000 in reportable compensation. Revenue rose 71% 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 $22MFor 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 $29MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 19.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 58.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $360,077 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.65% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 40.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 22 of 25 | 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 expenseHighest 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 |
|---|---|---|---|---|
| HEAD OF SCHOOL/TRUSTEE Director/trustee, officer, 40.00 hrs/week | $318,824 | $0 | $41,253 | $360,077 |
| TREASURER/CFOO Officer, 40.00 hrs/week | $154,903 | $0 | $7,502 | $162,405 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $129,805 | $0 | $25,402 | $155,207 |
| DIRECTOR OF TECHNOLOGY Highest compensated employee, 40.00 hrs/week | $123,644 | $0 | $23,630 | $147,274 |
| FACULTY TRUSTEE Director/trustee, 40.00 hrs/week | $44,379 | $0 | $88,623 | $133,002 |
| DIRECTOR OF SUMMER PROGRAMS Highest compensated employee, 40.00 hrs/week | $101,280 | $0 | $8,119 | $109,399 |
| FACULTY TRUSTEE Director/trustee, 40.00 hrs/week | $53,941 | $0 | $30,998 | $84,939 |
| CLERK Officer, 40.00 hrs/week | $61,783 | $0 | $19,046 | $80,829 |
5 people received more than $100,000 in reportable compensation from Putney School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $881K (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–1b25 · 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 11aNo
- Family or business ties among insiders Part VI 2Yes
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5285
- Volunteers Part I, line 6210
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| REARCH COMPANY LLC Construction contractor | $3,250,161 |
| WALKER INDUSTRIES INC Roofers | $209,984 |
| VERACROSS LLC Software company | $114,405 |
| DERRIG EXCAVATING LLC Excavators/land work | $108,537 |
| CBIZ Auditors | $104,443 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
29 private foundations reported grants to Putney School totaling $1.3M 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 Putney 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 Putney School, you can publish a response that is linked from this page.
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Of every $100 Putney School spent in FY2025, $78.17 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Metro SchoolsMinneapolis, MN · revenue $29M · programs 91.7% · FY2025
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- Brimmer and May SchoolChestnut Hill, MA · revenue $29M · programs 76.9% · FY2025
- Hawking Steam Charter SchoolsChula Vista, CA · revenue $29M · programs 92.1% · FY2025
- Bnos Bais Yaakov of Far RockawayFar Rockaway, NY · revenue $29M · programs 93.6% · FY2025
Questions people ask
How much of Putney School's spending goes to programs?
In the fiscal year ending June 30, 2025, Putney School reported that 78.2% of its $21.9 million in expenses went to program services, 18.7% to management and general and 3.1% to fundraising (Form 990, Part IX).
How much does Putney School pay its top executive?
The largest total compensation Putney School reported for one person in the fiscal year ending June 30, 2025 was $360,077, for the role of HEAD OF SCHOOL/TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Putney School get its money?
Of $29.0 million in revenue in the fiscal year ending June 30, 2025, 19.2% came from contributions and grants and 58.4% from program service revenue (Form 990, Part VIII).
Is Putney School a registered charity?
The IRS lists EIN 03-0179305 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 202601359349303265 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349310410 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349311561 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349304605 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221259349302132 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013429349300006 · read the filing
All filings for EIN 03-0179305: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.