The White Mountain School
The White Mountain School faces significant operating deficits in recent years, with expenses more than doubling revenue in the latest filing.
EIN: 20222221 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $15.5M |
| Program Spending | 75% |
| Net Assets | $3.1M |
| Transparency Score | 55/100 |
Is The White Mountain School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The White Mountain School directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The White Mountain School
The White Mountain School (EIN: 20222221) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $2.2M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The White Mountain School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The White Mountain School is a mid-size nonprofit that has been operating for 86 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $15.5M |
| Surplus / Deficit | $-8,097,330 |
| Total Assets | $8.5M |
| Total Liabilities | $5.4M |
| Net Assets | $3.1M |
| Operating Margin | -110.0% |
| Debt-to-Asset Ratio | 63.4% |
| Months of Reserves | 6.6 months |
Financial Health Grade: C
In 2024, The White Mountain School reported a deficit of $8.1M with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 63.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), The White Mountain School's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.6% | +64.5% | -48.0% |
| 2023 | -23.8% | -6.8% | -12.1% |
| 2022 | -2.5% | +4.3% | -3.3% |
| 2021 | +4.7% | +5.7% | +11.8% |
| 2020 | -2.3% | -1.1% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1940 |
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 The White Mountain School with a Mission Score of 55 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, The White Mountain School allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $8.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, or trustees, which is highly unusual for an organization of this size and suggests potential underreporting or a unique operational structure.
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 The White Mountain School's IRS 990 filings:
- Significant and growing operating deficits in recent years (e.g., $8.1M deficit in 202406).
- Substantial decrease in assets from $16.4M in 202306 to $8.5M in 202406, potentially due to covering deficits.
- Unusually reported 0% officer compensation for an organization with multi-million dollar revenues.
- Increase in liabilities from $5.4M in 202306 to $5.4M in 202406, indicating increased debt or obligations.
Strengths
The following positive indicators were identified for The White Mountain School:
- Consistent IRS 990 filing history over 14 periods, indicating transparency in reporting.
- Historically strong revenue generation, consistently above $7 million for many years.
- Positive net assets maintained over most of the reviewed period, despite recent deficits.
Frequently Asked Questions about The White Mountain School
Is The White Mountain School a legitimate charity?
Based on AI analysis of IRS 990 filings, The White Mountain School (EIN: 20222221) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does The White Mountain School spend its money?
The White Mountain School directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The White Mountain School tax-deductible?
The White Mountain School is registered as a tax-exempt nonprofit (EIN: 20222221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The White Mountain School's spending goes to programs?
The White Mountain School directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The White Mountain School located?
The White Mountain School is headquartered in Concord, New Hampshire and files with the IRS under EIN 20222221.
How many years of IRS 990 filings does The White Mountain School have?
The White Mountain School has 14 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 $2.2M in total revenue.
Is The White Mountain School a good charity?
The White Mountain School's recent financial performance, particularly the large operating deficits in 2023 and 2024, raises concerns about its long-term financial sustainability. While it consistently files its IRS 990s, indicating transparency, the significant gap between revenue and expenses needs further investigation to determine if it's a 'good' charity in terms of financial health and impact.
What caused the substantial increase in expenses in 2024?
In the 202406 period, expenses surged to $15,456,644 from $9,395,303 in 202306. Without more detailed financial statements, the specific causes for this dramatic increase are unclear and warrant further inquiry.
How does the organization cover its operating deficits?
With expenses significantly exceeding revenue in recent periods (e.g., $15.4M expenses vs. $7.3M revenue in 202406), the organization must be drawing down on assets or increasing liabilities to cover its operational costs. This is reflected in the increase in liabilities from $5.4M in 202306 to $5.4M in 202406, and a decrease in assets from $16.4M to $8.5M over the same period.
Is the 0% officer compensation accurate for an organization of this size?
Reporting 0% officer compensation for an organization with annual revenues consistently in the millions (e.g., $7.3M in 202406) is highly unusual and could indicate that key personnel are compensated through other means not classified as 'officer compensation' or that the school operates with an entirely volunteer leadership, which is rare for its scale.
Filing History
IRS 990 filing history for The White Mountain School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The White Mountain School's revenue has grown by 30.6%, moving from $5.6M to $7.4M. Total assets increased by 21.5% over the same period, from $7.0M to $8.5M. Total functional expenses rose by 171.5%, from $5.7M to $15.5M. In its most recent filing year (2024), The White Mountain School reported a deficit of $8.1M, with expenses exceeding revenue. The organization holds $5.4M in liabilities against $8.5M in assets (debt-to-asset ratio: 63.4%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.4M | $15.5M | $8.5M | $5.4M | — | View 990 |
| 2023 | $7.8M | $9.4M | $16.4M | $5.4M | — | — |
| 2022 | $10.2M | $10.1M | $18.7M | $6.0M | — | View 990 |
| 2021 | $10.5M | $9.7M | $19.3M | $6.7M | — | — |
| 2020 | $10.0M | $9.1M | $17.3M | $5.7M | — | View 990 |
| 2019 | $10.2M | $9.2M | $14.9M | $4.1M | — | View 990 |
| 2018 | $8.6M | $8.3M | $13.9M | $4.1M | — | View 990 |
| 2017 | $8.8M | $8.1M | $14.2M | $4.6M | — | View 990 |
| 2016 | $9.7M | $7.5M | $12.7M | $3.8M | — | View 990 |
| 2015 | $7.6M | $6.8M | $10.5M | $3.8M | — | View 990 |
| 2014 | $6.7M | $6.1M | $10.5M | $4.5M | — | View 990 |
| 2013 | $7.0M | $6.0M | $8.9M | $3.6M | — | View 990 |
| 2012 | $6.4M | $5.8M | $7.6M | $3.5M | — | View 990 |
| 2011 | $5.6M | $5.7M | $7.0M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.4M, expenses of $15.5M, and assets of $8.5M (revenue -5.6% year-over-year).
- 2023: Revenue of $7.8M, expenses of $9.4M, and assets of $16.4M (revenue -23.8% year-over-year).
- 2022: Revenue of $10.2M, expenses of $10.1M, and assets of $18.7M (revenue -2.5% year-over-year).
- 2021: Revenue of $10.5M, expenses of $9.7M, and assets of $19.3M (revenue +4.7% year-over-year).
- 2020: Revenue of $10.0M, expenses of $9.1M, and assets of $17.3M (revenue -2.3% year-over-year).
- 2019: Revenue of $10.2M, expenses of $9.2M, and assets of $14.9M (revenue +19.0% year-over-year).
- 2018: Revenue of $8.6M, expenses of $8.3M, and assets of $13.9M (revenue -2.1% year-over-year).
- 2017: Revenue of $8.8M, expenses of $8.1M, and assets of $14.2M (revenue -9.1% year-over-year).
- 2016: Revenue of $9.7M, expenses of $7.5M, and assets of $12.7M (revenue +26.7% year-over-year).
- 2015: Revenue of $7.6M, expenses of $6.8M, and assets of $10.5M (revenue +13.8% year-over-year).
- 2014: Revenue of $6.7M, expenses of $6.1M, and assets of $10.5M (revenue -4.3% year-over-year).
- 2013: Revenue of $7.0M, expenses of $6.0M, and assets of $8.9M (revenue +8.8% year-over-year).
- 2012: Revenue of $6.4M, expenses of $5.8M, and assets of $7.6M (revenue +14.2% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.7M, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The White Mountain School:
Data Sources and Methodology
This transparency report for The White Mountain 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.