Episcopal Academy
72% goes to programs $20 to raise $100 Strong reserves Growing revenue
Episcopal Academy is a 501(c)(3) organization based in Newtown Sq, Pennsylvania, registered in 1943, with $81,052,215 in FY2024 revenue. CharityIndex grades it A, and it directs about 72% of spending to programs.
1785 Bishop White Dr, Newtown Sq, PA, 19073 EIN 23-1370500 Since 1943
Revenue (FY2024)
$81.1M
▲ 8.4% vs prior year
Education median: $200K
Expenses (FY2024)
$63.8M
Net assets
$318.3M
Employees
578
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating72% to programs · $20 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Episcopal Academy: 72% to programs · $20 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating60 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Episcopal Academy: 60 mo reserves · +21% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Episcopal Academy: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Episcopal Academy: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
A co-educational independent day school for grades pre-k through twelve.
What they do
In order to make it possible for children to attend the school. approximately 22% of the student population is awarded financial aid. on average, this award is approximately 75% of the average tuition.
Contact & location
- Address
- 1785 Bishop White Dr, Newtown Sq, PA, 19073
- City
- Newtown Sq
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $45.3M (FY2013) to $81.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $23.3MNet assets $318.3M
Operating margin
21.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$341.5M
Total liabilities
$23.3M
Net assets
$318.3M
Salaries & benefits
$37.2M
58% of expenses
Board members
24
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $81,052,215▲8.4% | $63,768,580▲4.8% | $318,250,215▲7.8% | $341,536,376▲6.9% | 990 |
| 2023 | $74,753,498▲5.7% | $60,864,819▲5.8% | $295,307,294▲5.9% | $319,607,013▲5.6% | 990 |
| 2022 | $70,693,752▲7.9% | $57,548,966▲0.1% | $278,927,337▲6.4% | $302,553,987▲5.8% | 990 |
| 2021 | $65,492,381▲15.8% | $57,477,386▲8.9% | $262,047,219▼1.9% | $285,908,230▼1.6% | 990 |
| 2020 | $56,548,486▼1.5% | $52,796,713▼0.4% | $267,178,993▲8.6% | $290,673,894▲7.9% | 990 |
| 2019 | $57,388,328▼6.4% | $52,986,794▲2.8% | $245,974,556▲2.1% | $269,313,676▲1.1% | 990 |
| 2018 | $61,333,922▲18.6% | $51,520,930▲6.0% | $240,981,176▲5.8% | $266,352,093▲6.7% | 990 |
| 2017 | $51,712,883▼9.4% | $48,621,897▲0.7% | $227,722,017▲2.5% | $249,582,612▲1.7% | 990 |
| 2016 | $57,083,990▲27.4% | $48,284,996▲5.7% | $222,214,070▲4.9% | $245,529,312▲3.6% | 990 |
| 2015 | $44,792,280▼0.9% | $45,670,007▲2.0% | $211,783,576▼2.1% | $237,071,180▼4.0% | 990 |
| 2014 | $45,190,154▼0.3% | $44,754,633▲1.6% | $216,340,914▼2.4% | $247,060,073▼2.2% | 990 |
| 2013 | $45,321,742 | $44,042,322▼1.7% | $221,667,068▲3.1% | $252,610,509▲2.7% | 990 |
| 2012 | — | $44,821,132▲1.6% | $215,086,533▲0.9% | $246,063,295▼1.0% | 990 |
| 2011 | — | $44,110,211▲4.8% | $213,119,455▼1.7% | $248,510,384▼2.5% | 990 |
| 2010 | — | $42,073,233 | $216,700,696▲1.7% | $254,774,251▼0.3% | 990 |
| 2009 | — | $42,078,465 | $213,162,071 | $255,589,701 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dr Thomas J Locke — $769,596 (1.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Thomas J Locke | Head of School | 40 | $769,596 |
| Christopher Torino | Assistant Head of School | 40 | $340,186 |
| Lawrence Capuzzi | Chief Financial Officer | 40 | $337,835 |
| Jennifer Fifer | Director of Advancement | 40 | $260,215 |
| Michael Letts | Head of Upper School | 40 | $211,699 |
| Laurie Piette | Head of Middle School | 40 | $211,617 |
| Mark Notaro | Chief Operating Officer | 40 | $210,576 |
| Adam J Murray | Trustee | 3 | — |
| Alexa R Buckley | Trustee | 3 | — |
| Amachie Ackah | Secretary | 3 | — |
| Ann T Semmer | Vice Chair | 3 | — |
| Calvin W Schmidt | Vice Chair | 3 | — |
| Christopher K Mchugh | Trustee | 3 | — |
| David J Reape | Trustee | 3 | — |
| David R Dugery | Trustee | 3 | — |
| Elizabeth A Corrigan | Chair | 3 | — |
| Joanne F Hopkins | Trustee | 3 | — |
| John S Buckley Jr | Trustee | 3 | — |
| J Richard Leaman III | Vice Chair | 3 | — |
| Julieann G Shanahan | Treasurer | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sage Dining Services Inc | Dining Services | $2,197,190 |
| Southampton Window Cleaning | Janitorial Services | $1,066,780 |
| Prosport Construction Inc | Construction Service | $631,400 |
| Klein Transportation | Transportation | $472,932 |
| King Limousine | Transportation | $417,698 |
Grants received · $12.5M total
126 grants to Episcopal Academy totaling $12.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Episcopal Academy a legitimate nonprofit?
- Yes. Episcopal Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-1370500, based in Newtown Sq, Pennsylvania. Donations are tax-deductible.
- What is Episcopal Academy's EIN?
- Episcopal Academy's Employer Identification Number (EIN) is 23-1370500.
- How much revenue does Episcopal Academy report?
- Episcopal Academy reported $81,052,215 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Episcopal Academy's spending goes to programs?
- Episcopal Academy spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Episcopal Academy have?
- CharityIndex grades Episcopal Academy A, based on program efficiency and fundraising cost.
- How much does Episcopal Academy's highest-paid employee make?
- The highest reported compensation on Episcopal Academy's latest Form 990 is $769,596, paid to Dr Thomas J Locke (Head of School).
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Explore more
Data for Episcopal Academy (EIN 23-1370500) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.