St Pauls School
St Pauls School maintains strong financial health with over $1 billion in assets and consistent revenue growth.
EIN: 20222227 · Concord, NH · NTEE: B250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $421.3M |
| Total Expenses | $85.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.05 |
| Net Assets | $914.2M |
| Transparency Score | 85/100 |
Is St Pauls School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Pauls School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Pauls School
St Pauls School (EIN: 20222227) is a nonprofit organization based in Concord, NH, classified under NTEE code B250. The organization reported total revenue of $421.3M and total assets of $1.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Pauls School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Pauls School is a major nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $98.9M |
| Total Expenses | $85.6M |
| Surplus / Deficit | +$13.3M |
| Total Assets | $1.0B |
| Total Liabilities | $102.8M |
| Net Assets | $914.2M |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 142.5 months |
Financial Health Grade: A
In 2024, St Pauls School reported a surplus of $13.3M with revenue exceeding expenses, holds 142.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), St Pauls School's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -23.0% | +5.6% | +6.6% |
| 2023 | +9.4% | +10.5% | +5.0% |
| 2022 | +25.5% | +4.6% | -7.7% |
| 2021 | +35.6% | +5.7% | +15.4% |
| 2020 | +2.9% | -0.1% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
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 St Pauls 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, St Pauls School 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 $13.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.1%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all reported periods, which is unusual for an organization of this size and asset base ($1.05 billion). This suggests that executive compensation may be reported under different categories or that the school's leadership structure relies on non-compensated roles, which would require further clarification for a complete understanding of executive remuneration practices.
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 St Pauls School's IRS 990 filings:
- 0% reported officer compensation is highly unusual for an organization of this scale, potentially obscuring executive remuneration practices.
Strengths
The following positive indicators were identified for St Pauls School:
- Strong financial health with over $1 billion in assets as of 2024.
- Consistent revenue growth, with latest revenue at $98,877,559.
- Positive operating margins, with revenue consistently exceeding expenses in recent years.
- Significant asset growth over the past decade, indicating robust financial management and stability.
- Long history of IRS 990 filings (13 filings), suggesting a commitment to transparency.
Frequently Asked Questions about St Pauls School
Is St Pauls School a legitimate charity?
Based on AI analysis of IRS 990 filings, St Pauls School (EIN: 20222227) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does St Pauls School spend its money?
St Pauls School directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Pauls School tax-deductible?
St Pauls School is registered as a tax-exempt nonprofit (EIN: 20222227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Pauls School CEO make?
St Pauls School's highest-compensated officer earns $1.05 annually. The organization reported $421.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of St Pauls School's spending goes to programs?
St Pauls School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Pauls School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), St Pauls School 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 St Pauls School located?
St Pauls School is headquartered in Concord, New Hampshire and files with the IRS under EIN 20222227. It is classified under NTEE code B250.
How many years of IRS 990 filings does St Pauls School have?
St Pauls School 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 $421.3M in total revenue.
How does St Pauls School manage executive compensation, given the 0% reported officer compensation?
The provided IRS 990 data consistently reports 0% officer compensation. This is highly unusual for an organization with over $1 billion in assets and annual revenues nearing $100 million. It suggests that executive compensation might be reported under different expense categories (e.g., salaries and wages for key employees not classified as 'officers' in the 990, or through related organizations), or that the school's leadership roles are genuinely uncompensated. Further investigation into the full 990 forms would be necessary to understand the complete compensation structure for its top executives.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not include a detailed functional expense breakdown. To accurately assess the percentages allocated to programs, administration, and fundraising, one would need to review the full IRS Form 990, Part IX, Statement of Functional Expenses. Without this detail, the spending breakdown provided in this analysis is an estimation based on typical educational institution spending patterns and overall financial health.
How does St Pauls School's endowment contribute to its operational budget?
With assets exceeding $1 billion, a significant portion is likely held in an endowment. While the data shows consistent revenue and asset growth, the specific contribution of endowment draws to the annual operating budget is not detailed. This information would typically be found in the organization's audited financial statements or the full IRS Form 990, which would provide insights into investment income and endowment spending policies.
Filing History
IRS 990 filing history for St Pauls School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), St Pauls School's revenue has grown by 104.7%, moving from $48.3M to $98.9M. Total assets increased by 52.2% over the same period, from $668.2M to $1.0B. Total functional expenses rose by 69.6%, from $50.5M to $85.6M. In its most recent filing year (2024), St Pauls School reported a surplus of $13.3M, with revenue exceeding expenses. The organization holds $102.8M in liabilities against $1.0B in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $914.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $98.9M | $85.6M | $1.0B | $102.8M | — | View 990 |
| 2023 | $128.4M | $81.1M | $953.8M | $99.2M | — | View 990 |
| 2022 | $117.3M | $73.4M | $908.2M | $82.0M | — | View 990 |
| 2021 | $93.5M | $70.2M | $984.0M | $93.1M | — | View 990 |
| 2020 | $68.9M | $66.4M | $852.6M | $85.1M | — | View 990 |
| 2019 | $67.0M | $66.4M | $870.9M | $86.0M | — | View 990 |
| 2018 | $63.3M | $65.3M | $874.9M | $84.2M | — | View 990 |
| 2017 | $59.0M | $63.3M | $845.3M | $84.5M | — | View 990 |
| 2016 | $58.5M | $61.6M | $796.2M | $88.1M | — | View 990 |
| 2015 | $73.5M | $58.9M | $811.9M | $79.6M | — | View 990 |
| 2014 | $79.4M | $56.1M | $793.3M | $71.9M | — | View 990 |
| 2013 | $64.2M | $53.7M | $725.1M | $73.8M | — | View 990 |
| 2012 | $48.3M | $50.5M | $668.2M | $78.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $98.9M, expenses of $85.6M, and assets of $1.0B (revenue -23.0% year-over-year).
- 2023: Revenue of $128.4M, expenses of $81.1M, and assets of $953.8M (revenue +9.4% year-over-year).
- 2022: Revenue of $117.3M, expenses of $73.4M, and assets of $908.2M (revenue +25.5% year-over-year).
- 2021: Revenue of $93.5M, expenses of $70.2M, and assets of $984.0M (revenue +35.6% year-over-year).
- 2020: Revenue of $68.9M, expenses of $66.4M, and assets of $852.6M (revenue +2.9% year-over-year).
- 2019: Revenue of $67.0M, expenses of $66.4M, and assets of $870.9M (revenue +5.9% year-over-year).
- 2018: Revenue of $63.3M, expenses of $65.3M, and assets of $874.9M (revenue +7.3% year-over-year).
- 2017: Revenue of $59.0M, expenses of $63.3M, and assets of $845.3M (revenue +0.9% year-over-year).
- 2016: Revenue of $58.5M, expenses of $61.6M, and assets of $796.2M (revenue -20.5% year-over-year).
- 2015: Revenue of $73.5M, expenses of $58.9M, and assets of $811.9M (revenue -7.5% year-over-year).
- 2014: Revenue of $79.4M, expenses of $56.1M, and assets of $793.3M (revenue +23.7% year-over-year).
- 2013: Revenue of $64.2M, expenses of $53.7M, and assets of $725.1M (revenue +33.0% year-over-year).
- 2012: Revenue of $48.3M, expenses of $50.5M, and assets of $668.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Pauls School:
Data Sources and Methodology
This transparency report for St Pauls 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.