Greenwich Academy
Greenwich Academy reported $61.0 million in revenue and $63.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.74 went to program services, $15.91 to management and general costs and $4.35 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 78.6% of the total. The highest compensation it reported for one person was $802,527 (HEAD OF SCHOOL). 117 people received more than $100,000 in reportable compensation. Revenue rose 5% 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 $63MFor 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 $61MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.34 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 78.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $802,527 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.27% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 117 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 51.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 28 of 29 | 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 expenseGreenwich Academy is a college preparatory day school serving girls in grades pre-kindergarten through grade 12. All expenditures for compensation and other expenses are in support of instructional and institutional activities. This includes the instruction of approximately 820 girls by 220 full time and part time faculty and staff
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 |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 40.00 hrs/week | $617,349 | $0 | $185,178 | $802,527 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $496,707 | $0 | $170,659 | $667,366 |
| ASSOC. HEAD OF SCHOOL Key employee, 40.00 hrs/week | $497,806 | $0 | $129,684 | $627,490 |
| ASST. HEAD OF SCHOOL, HEAD OF MIDDLE SCHOOL Key employee, 40.00 hrs/week | $393,184 | $0 | $118,139 | $511,323 |
| ASST. HEAD OF SCHOOL, HEAD OF UPPER SCHOOL Key employee, 40.00 hrs/week | $391,027 | $0 | $117,874 | $508,901 |
| DIRECTOR OF ADVANCEMENT Highest compensated employee, 40.00 hrs/week | $327,717 | $0 | $117,713 | $445,430 |
| HEAD OF LOWER SCHOOL Highest compensated employee, 40.00 hrs/week | $256,386 | $0 | $106,650 | $363,036 |
| FORMER HEAD OF SCHOOL Former, 20.00 hrs/week | $337,500 | $0 | $0 | $337,500 |
117 people received more than $100,000 in reportable compensation from Greenwich Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (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–1b29 · 28 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 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5273
- Volunteers Part I, line 6350
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SODEXO INC & AFFILIATES Facility management | $2,696,497 |
| FLIK INDEPENDENT SCHOOLS Dining services | $1,250,030 |
| NEW ENGLAND DRY CONCRETE LLC Roofing/concrete | $1,160,600 |
| OFFIT CAPITAL ADVISORS LLC Investment advisory | $422,476 |
| ENCON HEATING & AIR CONDITIONING Hvac service | $300,369 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
58 private foundations reported grants to Greenwich Academy totaling $4.0M 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 Greenwich 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 Greenwich Academy, you can publish a response that is linked from this page.
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Of every $100 Greenwich Academy spent in FY2025, $79.74 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Berkshire SchoolSheffield, MA · revenue $61M · programs 79.7% · FY2025
- Anderson UniversityAnderson, IN · revenue $61M · programs 86.5% · FY2025
- Philadelphia Performing Arts a String Theory Charter SchoolPhiladelphia, PA · revenue $61M · programs 74.6% · FY2025
- Cal Poly Humboldt Sponsored Programs FoundationArcata, CA · revenue $61M · programs 93.1% · FY2025
- Fenton Charter Public SchoolsSun Valley, CA · revenue $61M · programs 87.8% · FY2025
Questions people ask
How much of Greenwich Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Greenwich Academy reported that 79.7% of its $63.1 million in expenses went to program services, 15.9% to management and general and 4.3% to fundraising (Form 990, Part IX).
How much does Greenwich Academy pay its top executive?
The largest total compensation Greenwich Academy reported for one person in the fiscal year ending June 30, 2025 was $802,527, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Greenwich Academy get its money?
Of $61.0 million in revenue in the fiscal year ending June 30, 2025, 13.2% came from contributions and grants and 78.6% from program service revenue (Form 990, Part VIII).
Is Greenwich Academy a registered charity?
The IRS lists EIN 06-0653118 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 202631329349300308 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349303282 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441249349302804 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311289349303756 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241329349301884 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349302635 · read the filing
All filings for EIN 06-0653118: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.