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Filing year 2023

THE SPENCE SCHOOL

New York, New York·EIN 13-1635286·NTEE B200 · Education·501(c)(3)
Total revenue
$63.1M
Total assets
$397M
Total expenses
$69.9M
Reported officers
38
Mission

WITH A COMMITMENT TO ACADEMIC EXCELLENCE AND PERSONAL INTEGRITY, THE SPENCE SCHOOL PREPARES A DIVERSE COMMUNITY OF GIRLS AND YOUNG WOMEN FOR THE LIFELONG TRANSFORMATION OF SELF AND THE WORLD WITH PURPOSE, PASSION AND PERSPECTIVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in New York.

Head of School
Officer (Unspecified)
$872k
$979k
Base
$759k
Bonus
Other
Benefits
$30k
Head of School (thru 6/30/23)
Officer (Unspecified)
$728k
$817k
Base
$597k
Bonus
Other
Benefits
$7k
Director of Fin. & Op.
Director (Operational)
Above 90th percentile
$521k
$585k
Base
$492k
Bonus
Other
Benefits
$752
Dir. of Fin. & Op. (thru 6/30/23)
Officer (Unspecified)
$368k
$413k
Base
$334k
Bonus
Other
Benefits
$7k
Head of Middle School
Key Employee
75th to 90th percentile
$361k
$405k
Base
$317k
Bonus
Other
Benefits
$15k
Head of Lower School
Key Employee
75th to 90th percentile
$361k
$405k
Base
$317k
Bonus
Other
Benefits
$15k
Director of Curriculum
Highest Compensated Employee
75th to 90th percentile
$360k
$404k
Base
$304k
Bonus
Other
Benefits
$28k
Dir. of Teaching / Learning
Highest Compensated Employee
75th to 90th percentile
$359k
$403k
Base
$307k
Bonus
Other
Benefits
$23k
Director of Development
Above 90th percentile
$342k
$384k
Base
$300k
Bonus
Other
Benefits
$14k
Co-dir. of College Counsel
Highest Compensated Employee
75th to 90th percentile
$325k
$365k
Base
$278k
Bonus
Other
Benefits
$21k
Director of Information Technology
Chief Information Officer
Median to 75th percentile
$311k
$349k
Base
$259k
Bonus
Other
Benefits
$29k
Head of Upper School
Key Employee
Median to 75th percentile
$309k
$347k
Base
$256k
Bonus
Other
Benefits
$30k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 26 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE SPENCE SCHOOL equaled 1% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
1%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 2%
from 2022

From $888k in 2022 to $872k in 2023.

$888k
2022
$872k
2023
In today's dollarsEst.
Down 5% in real terms$1M to $979k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Director (Operational) pay rose 100% from 2022 to 2023, while revenue rose 9%.

$260k in 2022 to $521k in 2023.
  • Key Employee pay rose 4% from 2022 to 2023.
  • Highest Compensated Employee pay rose 4% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE SPENCE SCHOOL

What does the Director (Operational) of THE SPENCE SCHOOL earn?

In 2023, the Director (Operational) of THE SPENCE SCHOOL received $520,946 in total compensation. This pay is in the top 10% for Director (Operational) roles among Education organizations in New York: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Director (Operational) pay at THE SPENCE SCHOOL compare with similar nonprofits?

Compared with the same role at Education organizations in New York, the 2023 pay of the Director (Operational) at THE SPENCE SCHOOL falls in the top 10%. In 2023, the highest total compensation at THE SPENCE SCHOOL equaled 1% of the organization's total expenses. The median for education organizations is 7%.

What are THE SPENCE SCHOOL's revenue and expenses?

In 2023, THE SPENCE SCHOOL reported $63.1M in total revenue and $69.9M in total expenses on its IRS Form 990.

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