Norwich Free Academy
305 Broadway, Norwich, CT · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $43,634,151 | $43,022,905 | $41,944,653 |
| FY2024 | $39,900,485 | $42,176,774 | $39,653,586 |
| FY2023 | $46,787,226 | $43,368,650 | $40,282,773 |
| FY2022 | $48,469,342 | $39,733,703 | $32,257,044 |
| FY2021 | $42,617,337 | $39,532,672 | $23,050,595 |
| FY2020 | $37,532,143 | $39,829,495 | $15,626,766 |
| FY2019 | $36,823,927 | $38,714,866 | $20,116,837 |
| FY2018 | $35,897,296 | $38,124,590 | $23,874,906 |
| FY2017 | $36,557,149 | $38,094,252 | $24,991,778 |
| FY2016 | $35,487,889 | $37,981,607 | $24,647,891 |
| FY2014 | $33,205,728 | $34,926,339 | $30,298,727 |
| FY2013 | $33,057,723 | $34,889,986 | $31,313,619 |
| FY2012 | $31,798,982 | $30,959,983 | $31,237,309 |
| FY2011 | $37,473,353 | $31,169,757 | $32,980,875 |
Form 990 filings
The returns filed by Norwich Free Academy (EIN 06-0762783), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $3,599,045 | 8% |
| Program service revenue | $39,573,828 | 91% |
| Other revenue | $461,278 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $34,056,795 | 79% |
| Management & general | $8,966,110 | 21% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 91% of total revenue in FY2025.
- Program services accounted for 79% of functional expenses, management & general 21%, and fundraising 0%.
- 79% of functional expenses went to program services in FY2025. That is higher than 36.7% of 79 Education organizations in CT.
- Net assets covered about 11.7 months of expenses at the end of the reporting year. That puts it in the 38th percentile among 838 Education organizations in CT.
- Total revenue was higher than 96.8% of 850 Education organizations in CT.
- Total revenue rose from $37,473,353 in FY2011 to $43,634,151 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2013, FY2014, FY2016, FY2017, FY2018, FY2019, FY2020, FY2024).
- The highest revenue on record here is $48,469,342 in FY2022.
- Net assets grew from $32,980,875 to $41,944,653 between FY2011 and FY2025.
- Contributions and grants made up 14% of revenue in FY2011 and 8% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVIDE SECONDARY EDUCATION FOR HIGH SCHOOL STUDENTS IN NORWICH AND EIGHT SURROUNDING TOWNS.
IRS status
| Ruling year | 1934 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B250 — Education (in CT) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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