Exeter Day School
Exeter Day School shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 20244311 · Exeter, NH · NTEE: B21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $727K |
| Total Expenses | $611K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $700,000 |
| Net Assets | $897K |
| Transparency Score | 85/100 |
Is Exeter Day School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Exeter Day School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Exeter Day School
Exeter Day School (EIN: 20244311) is a nonprofit organization based in Exeter, NH, classified under NTEE code B21Z. The organization reported total revenue of $727K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Exeter Day School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Exeter Day School is a small nonprofit that has been operating for 74 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $702K |
| Total Expenses | $611K |
| Surplus / Deficit | +$91K |
| Total Assets | $898K |
| Total Liabilities | $1K |
| Net Assets | $897K |
| Operating Margin | 12.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2023, Exeter Day School reported a surplus of $91K with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Exeter Day School's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | +22.8% | +43.3% |
| 2022 | +28.4% | +12.6% | +4.4% |
| 2021 | -1.7% | -10.5% | +9.5% |
| 2018 | -15.3% | -1.7% | -4.3% |
| 2017 | +12.1% | +5.9% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Exeter Day School with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Exeter Day School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $91K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with over $700,000 in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Exeter Day School's IRS 990 filings:
- Liabilities ($1,132,000) exceeded assets ($898,286) in the 202306 period, indicating a negative net asset position for that year.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes a precise efficiency assessment difficult.
- The consistent 0% officer compensation is unusual for an organization of this size and could indicate unreported compensation or an unsustainable reliance on volunteer leadership for key roles.
Strengths
The following positive indicators were identified for Exeter Day School:
- Consistent revenue growth over the past several years, from $396,742 in 201206 to $702,269 in 202306.
- History of positive net assets in most periods, demonstrating financial stability prior to the 202306 filing.
- Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds towards the mission.
- Long history of IRS 990 filings (11 filings), indicating regulatory compliance and transparency over time.
Frequently Asked Questions about Exeter Day School
Is Exeter Day School a legitimate charity?
Based on AI analysis of IRS 990 filings, Exeter Day School (EIN: 20244311) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Exeter Day School spend its money?
Exeter Day School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Exeter Day School tax-deductible?
Exeter Day School is registered as a tax-exempt nonprofit (EIN: 20244311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Exeter Day School CEO make?
Exeter Day School's highest-compensated officer earns $700,000 annually. The organization reported $727K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Exeter Day School's spending goes to programs?
Exeter Day School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Exeter Day School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Exeter Day School is above average for NTEE category B21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Exeter Day School located?
Exeter Day School is headquartered in Exeter, New Hampshire and files with the IRS under EIN 20244311. It is classified under NTEE code B21Z.
How many years of IRS 990 filings does Exeter Day School have?
Exeter Day School has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $727K in total revenue.
How does Exeter Day School manage to operate without any reported officer compensation?
The filings consistently show 0% officer compensation, which could imply that leadership roles are filled by volunteers, or compensation is covered by a related entity not reflected in these specific filings, or it's reported under other expense categories. Further investigation into their operational model would be needed.
What is the primary source of Exeter Day School's revenue?
While the filings show total revenue, the specific breakdown of revenue sources (e.g., tuition, donations, grants) is not provided in the summary data. Given its NTEE code, tuition fees are likely a significant component.
Are the liabilities of $1,132,000 in 202306 a concern, given assets of $898,286?
Yes, the liabilities exceeding assets in the 202306 period ($1,132,000 vs. $898,286) indicate a negative net asset position for that specific year, which is a significant financial concern and a deviation from previous years where assets consistently exceeded liabilities. This warrants further investigation into the nature of these liabilities.
Filing History
IRS 990 filing history for Exeter Day School showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Exeter Day School's revenue has grown by 51.3%, moving from $464K to $702K. Total assets increased by 38.8% over the same period, from $647K to $898K. Total functional expenses rose by 32.2%, from $463K to $611K. In its most recent filing year (2023), Exeter Day School reported a surplus of $91K, with revenue exceeding expenses. The organization holds $1K in liabilities against $898K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $897K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $702K | $611K | $898K | $1K | — | — |
| 2022 | $592K | $498K | $627K | $2K | — | View 990 |
| 2021 | $461K | $442K | $600K | $70K | — | View 990 |
| 2018 | $469K | $494K | $548K | $6K | — | View 990 |
| 2017 | $554K | $503K | $573K | $5K | — | View 990 |
| 2016 | $494K | $475K | $564K | $47K | — | View 990 |
| 2015 | $370K | $401K | $549K | $53K | — | View 990 |
| 2014 | $432K | $471K | $561K | $34K | — | View 990 |
| 2013 | $429K | $446K | $571K | $5K | — | View 990 |
| 2012 | $397K | $456K | $587K | $3K | — | View 990 |
| 2011 | $464K | $463K | $647K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $702K, expenses of $611K, and assets of $898K (revenue +18.5% year-over-year).
- 2022: Revenue of $592K, expenses of $498K, and assets of $627K (revenue +28.4% year-over-year).
- 2021: Revenue of $461K, expenses of $442K, and assets of $600K (revenue -1.7% year-over-year).
- 2018: Revenue of $469K, expenses of $494K, and assets of $548K (revenue -15.3% year-over-year).
- 2017: Revenue of $554K, expenses of $503K, and assets of $573K (revenue +12.1% year-over-year).
- 2016: Revenue of $494K, expenses of $475K, and assets of $564K (revenue +33.6% year-over-year).
- 2015: Revenue of $370K, expenses of $401K, and assets of $549K (revenue -14.4% year-over-year).
- 2014: Revenue of $432K, expenses of $471K, and assets of $561K (revenue +0.7% year-over-year).
- 2013: Revenue of $429K, expenses of $446K, and assets of $571K (revenue +8.2% year-over-year).
- 2012: Revenue of $397K, expenses of $456K, and assets of $587K (revenue -14.5% year-over-year).
- 2011: Revenue of $464K, expenses of $463K, and assets of $647K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Exeter Day School:
Data Sources and Methodology
This transparency report for Exeter Day School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.