Phillips Exeter Academy
86% goes to programs $47 to raise $100 Strong reserves Declining revenue
Phillips Exeter Academy is a 501(c)(3) organization based in Exeter, New Hampshire, registered in 1946, with $187,279,148 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
20 Main St, Exeter, NH, 03833 EIN 02-0222174 Since 1946
Revenue (FY2023)
$187.3M
▲ 21.9% vs prior year
Education median: $200K
Expenses (FY2023)
$158.2M
Net assets
$1.9B
Employees
1,254
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 rating86% to programs · $47 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 Phillips Exeter Academy: 86% to programs · $47 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating143 mo reserves · +16% 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 Phillips Exeter Academy: 143 mo reserves · +16% margin earns a B+ 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 Phillips Exeter 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 Phillips Exeter Academy: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o.
What they do
Auxiliary enterprises include student grill, facility rentals, and the children's center which service the academy during both summer and regular sessions.
Contact & location
- Address
- 20 Main St, Exeter, NH, 03833
- City
- Exeter
- State
- New Hampshire
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $170.0M (FY2013) to $187.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $193.3MNet assets $1.9B
Operating margin
15.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$193.3M
Net assets
$1.9B
Salaries & benefits
$75.1M
47% of expenses
Board members
23
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $187,279,148▲21.9% | $158,188,218▲3.3% | $1,885,233,550▲4.1% | $2,078,494,595▲3.8% | 990 |
| 2022 | $153,586,037▼33.6% | $153,168,212▲6.6% | $1,810,951,964▲6.0% | $2,002,825,149▲5.1% | 990 |
| 2021 | $231,466,382▼5.8% | $143,695,561▲1.9% | $1,707,863,640▼8.9% | $1,905,644,826▼8.6% | 990 |
| 2020 | $245,618,588▲52.0% | $141,057,738▲7.3% | $1,874,948,129▲21.3% | $2,084,878,320▲21.5% | 990 |
| 2019 | $161,625,804▼7.7% | $131,491,472▲1.8% | $1,546,030,825▼0.1% | $1,715,514,168▼0.6% | 990 |
| 2018 | $175,100,100▼11.0% | $129,183,833▲2.3% | $1,547,207,771▲0.4% | $1,726,083,549▲0.7% | 990 |
| 2017 | $196,784,881▲35.4% | $126,325,308▲1.8% | $1,540,713,599▲6.4% | $1,713,668,931▲5.6% | 990 |
| 2016 | $145,340,776▼24.4% | $124,133,443▲5.7% | $1,447,982,672▲9.2% | $1,622,609,153▲7.5% | 990 |
| 2015 | $192,251,642▲42.0% | $117,402,702▲3.7% | $1,325,572,775▼3.4% | $1,508,967,364▼0.6% | 990 |
| 2014 | $135,393,715▼20.4% | $113,244,067▲4.1% | $1,371,775,063▲0.1% | $1,518,753,532▲0.5% | 990 |
| 2013 | $169,997,187 | $108,784,256▲6.4% | $1,370,397,783▲8.2% | $1,511,337,203▲8.0% | 990 |
| 2012 | — | $102,238,557▲4.2% | $1,266,266,257▲9.9% | $1,399,135,646▲8.0% | 990 |
| 2011 | — | $98,138,829▼0.2% | $1,152,302,339▼1.6% | $1,295,083,866▼0.1% | 990 |
| 2010 | — | $98,336,389▲9.6% | $1,171,492,948▲11.7% | $1,297,006,603▲10.0% | 990 |
| 2009 | — | $89,756,383 | $1,049,188,554 | $1,179,439,142 | 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 (FY2023)
Highest-paid: William Rawson — $656,751 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Rawson | Principal | 40 | $656,751 |
| Justin Merrill | Director of Investments | 40 | $383,862 |
| Marijka Beauchesne | Cfo | 40 | $365,057 |
| Morgan Dudley | Director Institutional Adv. | 40 | $329,829 |
| Holly Barcroft | General Counsel | 40 | $316,985 |
| Katharina Lilly | Medical Director | 40 | $294,822 |
| William Leahy | Dean of Enrollment | 40 | $210,049 |
| Belinda A Tate | Trustee | 2 | — |
| Bradford Briner | Trustee | 2 | — |
| Christine M Robson Weaver | Trustee | 2 | — |
| Cia Buckley Marakovits | Trustee | 2 | — |
| Deidre G O'byrne | Vice President/trustee | 2 | — |
| E Janney Wilson | Trustee | 2 | — |
| Elizabeth A Fleming | Trustee | 2 | — |
| Eric A Logan | Trustee | 2 | — |
| Giles K Kemp | Trustee | 2 | — |
| Ira D Helfand | Trustee | 2 | — |
| Kristyn Mcleod Van Ostern | Trustee | 2 | — |
| Leroy Sims | Trustee | 2 | — |
| Michael J Schmidtberger | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Harvey Construction Corp | Contract Services | $10,430,551 |
| Martini Northern LLC | Contract Services | $7,839,586 |
| Robert Am Stern Architects LLP | Contract Services | $1,835,086 |
| Beyer Blinder Belle Architects Pl | Architect Consulting | $1,793,800 |
| Ukg Inc | It Consulting Svcs | $862,270 |
Grants received · $72.7M total
210 grants to Phillips Exeter Academy totaling $72.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Silicon Valley Community Foundation | Education | 2024 | $417,890 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $197,000 |
| American Online Giving Foundation Inc | General support | 2024 | $135,693 |
| Ayco Charitable Foundation | Education | 2024 | $77,100 |
| Foundation For the Carolinas | Charitable gift | 2024 | $75,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $39,100 |
| Community Foundation of New Jersey | Secondary, primary, preschools | 2024 | $32,000 |
| Toledo Community Foundation | Annual gift | 2024 | $25,000 |
| American Endowment Foundation | Educational | 2024 | $23,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $20,000 |
| The Bessemer Giving Fund | General support | 2024 | $10,000 |
| The Pittsburgh Foundation | Elementary and secondary schools | 2024 | $8,500 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $8,000 |
| Greater Kansas City Community Foundation | Education | 2024 | $7,050 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $2,123,094 |
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Compare Phillips Exeter Academy
Frequently asked questions
- Is Phillips Exeter Academy a legitimate nonprofit?
- Yes. Phillips Exeter Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0222174, based in Exeter, New Hampshire. Donations are tax-deductible.
- What is Phillips Exeter Academy's EIN?
- Phillips Exeter Academy's Employer Identification Number (EIN) is 02-0222174.
- How much revenue does Phillips Exeter Academy report?
- Phillips Exeter Academy reported $187,279,148 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Phillips Exeter Academy's spending goes to programs?
- Phillips Exeter Academy spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Phillips Exeter Academy have?
- CharityIndex grades Phillips Exeter Academy A, based on program efficiency and fundraising cost.
- How much does Phillips Exeter Academy's highest-paid employee make?
- The highest reported compensation on Phillips Exeter Academy's latest Form 990 is $656,751, paid to William Rawson (Principal).
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Data for Phillips Exeter Academy (EIN 02-0222174) 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.