Kimball Union Academy
Kimball Union Academy shows strong asset growth and consistent operating surpluses over the past decade.
EIN: 20222147 · Meriden, NH · NTEE: B250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39.0M |
| Total Expenses | $30.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $105.4M |
| Transparency Score | 85/100 |
Is Kimball Union Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kimball Union Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kimball Union Academy
Kimball Union Academy (EIN: 20222147) is a nonprofit organization based in Meriden, NH, classified under NTEE code B250. The organization reported total revenue of $39.0M and total assets of $146.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kimball Union Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kimball Union Academy is a large nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.6M |
| Total Expenses | $30.2M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $146.2M |
| Total Liabilities | $40.8M |
| Net Assets | $105.4M |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 27.9% |
| Months of Reserves | 58.2 months |
Financial Health Grade: A
In 2024, Kimball Union Academy reported a surplus of $1.4M with revenue exceeding expenses, holds 58.2 months of operating reserves (strong position), has a debt-to-asset ratio of 27.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Kimball Union Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.7% | +7.6% | +14.7% |
| 2023 | -7.4% | +7.7% | +4.9% |
| 2022 | +13.6% | +7.1% | -1.9% |
| 2021 | -10.8% | -1.2% | +9.9% |
| 2020 | -31.8% | +3.2% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1943 |
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 Kimball Union Academy 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kimball Union Academy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.9%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all filing periods, which is highly unusual for an organization with annual revenues exceeding $20 million and assets over $100 million. This suggests that executive compensation may be reported under a different category or is not being disclosed in the 'Officer Comp' field as expected, warranting further scrutiny of the full 990 forms.
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 Kimball Union Academy's IRS 990 filings:
- Unclear executive compensation reporting (0% officer comp reported across all filings, which is highly unusual for an organization of this size).
Strengths
The following positive indicators were identified for Kimball Union Academy:
- Strong and consistent asset growth, nearly doubling from $72M in 2015 to $146M in 2024.
- Consistent operating surpluses, with revenues generally exceeding expenses (e.g., $31.6M revenue vs. $30.1M expenses in 202406).
- Robust revenue generation, with latest reported revenue at $31,602,308.
- Significant financial reserves, with assets far exceeding liabilities ($146M assets vs. $40M liabilities in 202406).
Frequently Asked Questions about Kimball Union Academy
Is Kimball Union Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Kimball Union Academy (EIN: 20222147) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Kimball Union Academy spend its money?
Kimball Union Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kimball Union Academy tax-deductible?
Kimball Union Academy is registered as a tax-exempt nonprofit (EIN: 20222147). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kimball Union Academy CEO make?
Kimball Union Academy's highest-compensated officer earns $20 annually. The organization reported $39.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kimball Union Academy's spending goes to programs?
Kimball Union Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kimball Union Academy compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kimball Union Academy is above average for NTEE category B250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kimball Union Academy located?
Kimball Union Academy is headquartered in Meriden, New Hampshire and files with the IRS under EIN 20222147. It is classified under NTEE code B250.
How many years of IRS 990 filings does Kimball Union Academy have?
Kimball Union Academy has 13 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 $39.0M in total revenue.
How does Kimball Union Academy manage to report 0% officer compensation across all filings?
The consistent reporting of 0% for 'Officer Comp' in the provided data is highly unusual for an organization of this size. It suggests that executive compensation might be reported under a different expense category within the full IRS Form 990, or that the provided summary data does not capture this specific detail. A review of the full 990 forms, specifically Part VII, Section A, would be necessary to understand how executive compensation is handled and disclosed.
What is the primary driver of Kimball Union Academy's significant asset growth?
Kimball Union Academy's assets have nearly doubled from $72,260,277 in 2015 to $146,211,530 in 2024. This growth is likely driven by a combination of consistent operating surpluses (revenues exceeding expenses in most years), successful fundraising efforts, and potentially appreciation of investments or property holdings. For example, in 201906, revenue was $43,795,157 against expenses of $23,822,543, generating a substantial surplus that could contribute to asset growth.
Is Kimball Union Academy financially stable?
Yes, Kimball Union Academy appears to be financially stable. The organization has consistently generated revenues significantly higher than its expenses in most years, leading to healthy operating surpluses. Its asset base has shown robust growth, reaching $146,211,530 in 2024, which provides a strong financial foundation. Liabilities are also managed relative to assets, indicating good financial health.
Filing History
IRS 990 filing history for Kimball Union Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Kimball Union Academy's revenue has grown by 89.9%, moving from $16.6M to $31.6M. Total assets increased by 164.7% over the same period, from $55.2M to $146.2M. Total functional expenses rose by 65.1%, from $18.3M to $30.2M. In its most recent filing year (2024), Kimball Union Academy reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $40.8M in liabilities against $146.2M in assets (debt-to-asset ratio: 27.9%), resulting in net assets of $105.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $31.6M | $30.2M | $146.2M | $40.8M | — | View 990 |
| 2023 | $28.0M | $28.0M | $127.4M | $31.0M | — | View 990 |
| 2022 | $30.3M | $26.0M | $121.4M | $31.5M | — | View 990 |
| 2021 | $26.6M | $24.3M | $123.8M | $32.0M | — | View 990 |
| 2020 | $29.9M | $24.6M | $112.6M | $34.0M | — | View 990 |
| 2019 | $43.8M | $23.8M | $109.9M | $31.1M | — | View 990 |
| 2018 | $26.3M | $23.4M | $88.7M | $30.7M | — | View 990 |
| 2017 | $22.5M | $22.0M | $82.4M | $29.0M | — | View 990 |
| 2016 | $23.9M | $21.6M | $74.6M | $24.6M | — | View 990 |
| 2015 | $21.5M | $20.7M | $72.3M | $23.8M | — | View 990 |
| 2014 | $22.1M | $21.6M | $73.2M | $24.1M | — | View 990 |
| 2013 | $29.6M | $19.7M | $66.5M | $18.9M | — | View 990 |
| 2012 | $16.6M | $18.3M | $55.2M | $19.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $31.6M, expenses of $30.2M, and assets of $146.2M (revenue +12.7% year-over-year).
- 2023: Revenue of $28.0M, expenses of $28.0M, and assets of $127.4M (revenue -7.4% year-over-year).
- 2022: Revenue of $30.3M, expenses of $26.0M, and assets of $121.4M (revenue +13.6% year-over-year).
- 2021: Revenue of $26.6M, expenses of $24.3M, and assets of $123.8M (revenue -10.8% year-over-year).
- 2020: Revenue of $29.9M, expenses of $24.6M, and assets of $112.6M (revenue -31.8% year-over-year).
- 2019: Revenue of $43.8M, expenses of $23.8M, and assets of $109.9M (revenue +66.7% year-over-year).
- 2018: Revenue of $26.3M, expenses of $23.4M, and assets of $88.7M (revenue +16.7% year-over-year).
- 2017: Revenue of $22.5M, expenses of $22.0M, and assets of $82.4M (revenue -5.9% year-over-year).
- 2016: Revenue of $23.9M, expenses of $21.6M, and assets of $74.6M (revenue +11.6% year-over-year).
- 2015: Revenue of $21.5M, expenses of $20.7M, and assets of $72.3M (revenue -3.0% year-over-year).
- 2014: Revenue of $22.1M, expenses of $21.6M, and assets of $73.2M (revenue -25.2% year-over-year).
- 2013: Revenue of $29.6M, expenses of $19.7M, and assets of $66.5M (revenue +77.9% year-over-year).
- 2012: Revenue of $16.6M, expenses of $18.3M, and assets of $55.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kimball Union Academy:
Data Sources and Methodology
This transparency report for Kimball Union Academy 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.