Spaulding Academy & Family Services
Spaulding Academy & Family Services shows strong revenue growth and asset accumulation, but executive compensation disclosure is unclear.
EIN: 20244216 · Northfield, NH · NTEE: F33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.5M |
| Total Expenses | $28.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $37.9M |
| Transparency Score | 75/100 |
Is Spaulding Academy & Family Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spaulding Academy & Family Services directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spaulding Academy & Family Services
Spaulding Academy & Family Services (EIN: 20244216) is a nonprofit organization based in Northfield, NH, classified under NTEE code F33Z. The organization reported total revenue of $33.5M and total assets of $49.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spaulding Academy & Family Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spaulding Academy & Family Services is a large nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.7M |
| Total Expenses | $28.0M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $48.3M |
| Total Liabilities | $10.4M |
| Net Assets | $37.9M |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 21.5% |
| Months of Reserves | 20.7 months |
Financial Health Grade: A
In 2024, Spaulding Academy & Family Services reported a surplus of $4.7M with revenue exceeding expenses, holds 20.7 months of operating reserves (strong position), has a debt-to-asset ratio of 21.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Spaulding Academy & Family Services's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.2% | +13.8% | +19.7% |
| 2023 | +5.2% | +13.4% | +29.3% |
| 2022 | +20.5% | +9.4% | +10.6% |
| 2021 | +26.2% | +10.4% | +5.6% |
| 2020 | +6.4% | +6.9% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1290 |
| IRS Ruling Date | 1960 |
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 Spaulding Academy & Family Services with a Mission Score of 75 out of 100 (Good). 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, Spaulding Academy & Family Services 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 $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.5%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation across all periods, which is highly unusual for an organization with annual revenues exceeding $30 million. This lack of reported officer compensation raises questions about the transparency of executive remuneration, as it's unlikely that an organization of this scale operates without compensated leadership.
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 Spaulding Academy & Family Services's IRS 990 filings:
- Consistent 0% officer compensation reported, lacking transparency for an organization of this size.
- Absence of detailed functional expense breakdown (program, admin, fundraising) in provided data makes precise efficiency assessment difficult.
Strengths
The following positive indicators were identified for Spaulding Academy & Family Services:
- Strong and consistent revenue growth, nearly doubling in five years from $17.7M to $32.7M.
- Healthy asset accumulation, increasing from $26.7M to $48.3M over five years, indicating financial stability.
- Consistent operating surpluses, with revenue exceeding expenses in most recent filings (e.g., $32.7M revenue vs. $28.0M expenses in 2024).
Frequently Asked Questions about Spaulding Academy & Family Services
Is Spaulding Academy & Family Services a legitimate charity?
Based on AI analysis of IRS 990 filings, Spaulding Academy & Family Services (EIN: 20244216) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Spaulding Academy & Family Services spend its money?
Spaulding Academy & Family Services directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spaulding Academy & Family Services tax-deductible?
Spaulding Academy & Family Services is registered as a tax-exempt nonprofit (EIN: 20244216). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spaulding Academy & Family Services CEO make?
Spaulding Academy & Family Services's highest-compensated officer earns $30 annually. The organization reported $33.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spaulding Academy & Family Services's spending goes to programs?
Spaulding Academy & Family Services directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spaulding Academy & Family Services compare to similar nonprofits?
With a transparency score of 75/100 (Good), Spaulding Academy & Family Services is above average for NTEE category F33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spaulding Academy & Family Services located?
Spaulding Academy & Family Services is headquartered in Northfield, New Hampshire and files with the IRS under EIN 20244216. It is classified under NTEE code F33Z.
How many years of IRS 990 filings does Spaulding Academy & Family Services have?
Spaulding Academy & Family Services 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 $33.5M in total revenue.
Is Spaulding Academy & Family Services a good charity?
Spaulding Academy & Family Services demonstrates strong financial growth and asset accumulation, indicating a stable and expanding operation. However, the consistent reporting of 0% for officer compensation across all filings is a significant transparency concern that prevents a full assessment of its financial practices.
How has Spaulding Academy & Family Services' revenue changed over time?
Spaulding Academy & Family Services has experienced substantial revenue growth, nearly doubling from $17,756,505 in 2020 to $32,727,553 in 2024, reflecting increased demand for its services.
What is the organization's asset growth like?
The organization's assets have grown significantly, from $26,687,719 in 2020 to $48,306,841 in 2024, indicating strong financial health and capacity building.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for officer compensation across all 13 filings is unusual for an organization of this size. This could mean compensation is reported under other expense categories, paid by a related entity, or that the reporting method needs clarification for better transparency.
Filing History
IRS 990 filing history for Spaulding Academy & Family Services showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Spaulding Academy & Family Services's revenue has grown by 177.1%, moving from $11.8M to $32.7M. Total assets increased by 357.3% over the same period, from $10.6M to $48.3M. Total functional expenses rose by 147.2%, from $11.3M to $28.0M. In its most recent filing year (2024), Spaulding Academy & Family Services reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $10.4M in liabilities against $48.3M in assets (debt-to-asset ratio: 21.5%), resulting in net assets of $37.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $32.7M | $28.0M | $48.3M | $10.4M | — | — |
| 2023 | $28.4M | $24.6M | $40.3M | $8.1M | — | View 990 |
| 2022 | $27.0M | $21.7M | $31.2M | $3.2M | — | View 990 |
| 2021 | $22.4M | $19.8M | $28.2M | $3.0M | — | — |
| 2020 | $17.8M | $18.0M | $26.7M | $5.9M | — | View 990 |
| 2019 | $16.7M | $16.8M | $23.7M | $3.1M | — | View 990 |
| 2018 | $15.4M | $15.4M | $23.6M | $3.4M | — | View 990 |
| 2017 | $13.8M | $13.7M | $12.5M | $3.7M | — | View 990 |
| 2016 | $14.4M | $13.7M | $12.7M | $4.3M | — | View 990 |
| 2015 | $14.2M | $13.4M | $12.2M | $4.1M | — | View 990 |
| 2014 | $13.3M | $12.3M | $11.6M | $3.7M | — | View 990 |
| 2013 | $12.1M | $11.9M | $10.8M | $3.3M | — | View 990 |
| 2012 | $11.8M | $11.3M | $10.6M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $32.7M, expenses of $28.0M, and assets of $48.3M (revenue +15.2% year-over-year).
- 2023: Revenue of $28.4M, expenses of $24.6M, and assets of $40.3M (revenue +5.2% year-over-year).
- 2022: Revenue of $27.0M, expenses of $21.7M, and assets of $31.2M (revenue +20.5% year-over-year).
- 2021: Revenue of $22.4M, expenses of $19.8M, and assets of $28.2M (revenue +26.2% year-over-year).
- 2020: Revenue of $17.8M, expenses of $18.0M, and assets of $26.7M (revenue +6.4% year-over-year).
- 2019: Revenue of $16.7M, expenses of $16.8M, and assets of $23.7M (revenue +8.1% year-over-year).
- 2018: Revenue of $15.4M, expenses of $15.4M, and assets of $23.6M (revenue +12.2% year-over-year).
- 2017: Revenue of $13.8M, expenses of $13.7M, and assets of $12.5M (revenue -4.6% year-over-year).
- 2016: Revenue of $14.4M, expenses of $13.7M, and assets of $12.7M (revenue +1.7% year-over-year).
- 2015: Revenue of $14.2M, expenses of $13.4M, and assets of $12.2M (revenue +6.3% year-over-year).
- 2014: Revenue of $13.3M, expenses of $12.3M, and assets of $11.6M (revenue +10.4% year-over-year).
- 2013: Revenue of $12.1M, expenses of $11.9M, and assets of $10.8M (revenue +2.2% year-over-year).
- 2012: Revenue of $11.8M, expenses of $11.3M, and assets of $10.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spaulding Academy & Family Services:
Data Sources and Methodology
This transparency report for Spaulding Academy & Family Services 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.