Worcester Academy
Worcester Academy reported $36.0 million in revenue and $35.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.78 went to program services, $12.04 to management and general costs and $4.18 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.3% of the total. The highest compensation it reported for one person was $388,258 (HEAD OF SCHOOL). 6 people received more than $100,000 in reportable compensation. Revenue rose 16% 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 $36MFor 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 $36M- Contributions & grants (non-government)$6.76 $2.4M
- Program service revenue$80.28 $29M
- Investment income$12.96 $4.7M
Other revenue was negative: −$11,738. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.61 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 80.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $388,258 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.09% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 47.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 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 Officer, 40.00 hrs/week | $346,665 | $0 | $41,593 | $388,258 |
| DIRECTOR OF ADVANCEMENT Highest compensated employee, 40.00 hrs/week | $186,259 | $0 | $32,874 | $219,133 |
| ASSOCIATE HEAD OF SCHOOL Officer, 40.00 hrs/week | $179,998 | $0 | $28,776 | $208,774 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $159,961 | $0 | $30,954 | $190,915 |
| ASSISTANT HEAD OF SCHOOL FOR TEACHING & LEARNING Highest compensated employee, 40.00 hrs/week | $120,602 | $0 | $28,103 | $148,705 |
| DIRECTOR OF FACILITIES Highest compensated employee, 40.00 hrs/week | $117,061 | $0 | $8,490 | $125,551 |
6 people received more than $100,000 in reportable compensation from Worcester Academy (Part VII, line 2).
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 · 25 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 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5259
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| STANMAR INC Design and build | $5,824,081 |
| SAGE DINING SERVICES INC Dining room services | $1,547,432 |
| RAYMOND JAMES RESTORATION INC Construction (theater) | $1,469,340 |
| RAD SPORTS Construction (turf field) | $947,427 |
| METRO CRIME PREVENTION Security service | $678,386 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
21 private foundations reported grants to Worcester Academy totaling $1.0M 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 Worcester Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Worcester Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Worcester Academy spent in FY2025, $83.78 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Old Dominion Land ConservancyPurcellville, VA · revenue $36M · programs 99.4% · 2025
- Higher Education Servicing CorporationArlington, TX · revenue $36M · programs 83.1% · FY2025
- Clarksville Charter SchoolEl Dorado Hills, CA · revenue $36M · programs 95.1% · FY2025
- University System of Georgia Foundation Inc & AffiliatesAtlanta, GA · revenue $36M · programs 96.3% · FY2025
- University of Toccoa FallsToccoa Falls, GA · revenue $36M · programs 83.7% · FY2026
All education charities · Largest charities in Massachusetts
Questions people ask
How much of Worcester Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Worcester Academy reported that 83.8% of its $35.6 million in expenses went to program services, 12.0% to management and general and 4.2% to fundraising (Form 990, Part IX).
How much does Worcester Academy pay its top executive?
The largest total compensation Worcester Academy reported for one person in the fiscal year ending June 30, 2025 was $388,258, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Worcester Academy get its money?
Of $36.0 million in revenue in the fiscal year ending June 30, 2025, 6.8% came from contributions and grants and 80.3% from program service revenue (Form 990, Part VIII).
Is Worcester Academy a registered charity?
The IRS lists EIN 04-2105855 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 202641359349302674 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511049349301201 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349305624 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349302668 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349306398 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141339349303894 · read the filing
All filings for EIN 04-2105855: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.