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Pennsylvania · Nonprofit

SHADY SIDE ACADEMY

SHADY SIDE ACADEMY (Pennsylvania) receives grants from 104 organizations whose IRS filings report $19,646,355 to it, the largest being MARIE CHRISTINE FOUNDATION ($5,206,600). 70 of them have funded it in more than one year.

Revenue FY2025
$57M
Funders on record
104
Grants received
$20M
Net assets
$147M
70/104 repeat funderspeak grant-dependency 17%
01What it does

What Shady Side Academy does

Mission

Shady Side Academy offers an exceptional pre-k through twelfth grade academic and balanced educational experience by challenging each student to realize his or her potential in a stimulating and nurturing environment.

As stated on its FY2025 Form 990.

Programs

  1. Instructional:founded in 1883, Shady Side Academy's primary program service is the education of students in pre-kindergarten through grade 12 in a coed school environment, with an optional boarding experience in high school. We offer pittsburgh-area families four campuses, including the choice between two elementary schools (pk-5): the country day school in fox chapel, nestled in the north suburbs, and the junior school in point breeze, located in the heart of the city's east end. Our middle school (6-8) and senior school (9-12) campuses are both located in suburban fox chapel and draw students from across the region. In january 2026, the academy consolidated from four campuses to three.the academy enrolled approximately 1,265 students across all four campuses during the 2024/2025 academic year. The academy's mission is to challenge students to think expansively, act ethically and lead responsibly. Inspired by this mission, shady side's driving purpose remains the development of responsible, transformative leaders for the city of pittsburgh and beyond. This reason for existing was embedded at our inception. We deliver on our mission by creating a unique and valuable education for…

    $33,987,562 spentof which $5,586,794 as grants$41,255,348 earned by the program
    89% of program spending
  2. Auxiliary services:-residential life program: the academy operates a five and seven day boarding program. In the 2024/2025 academic year, there were approximately 68 senior school student boarders. The students are housed in academy dormitories located on the senior school campus. Administrators and teachers oversee and operate the residential life program.see continuation on schedule o.-after school program: our unique after school program that runs from 3-6 p.m., monday through friday at our junior and country day schools for grades pre-k-5. Students receive a fun and engaging experience that can be customized to fit their individual needs and interests. Options include enrichment classes, music lessons, study center, unstructured play, organized games and more.-food service: the day students at the academy are served lunch and students who participate in the academy residential life program are served breakfast, lunch and dinner.-spirit store: the store is located on the senior school campus of the academy and offers individuals the opportunity to purchase academy apparel and accessories, as well as school supplies. Orders can also be placed online through the academy spirit…

    $2,897,632 spent$2,538,775 earned by the program
    8% of program spending
  3. Summer programs:Shady Side Academy summer extends the relational learning and robust opportunities that are unique to Shady Side Academy during the school year, long into the summer months. After the school year ends, summer camp is offered for students who are entering pre-k through 12th grade the following school year. The summer camps provide campers the opportunity to discover new passions, hone existing talents, and forge new friendships. See continuation on schedule o.in addition to the traditional day camps offered at the academy's junior school and senior school campuses, the following camps are offered:-sports camp is offered to campers entering grades kindergarten through 8th at the academy's senior school campus. This coed camp welcomes campers of all ability levels, from beginners who want to try a sport for the first time, to intermediate campers who are looking to enhance their skills. -focus camp is offered to campers entering grades kindergarten through 5th at the academy's senior school campus. Focus camp provides campers with the opportunity to learn specific skills to further develop their mind, body, and spirit.-steam (science, technology, engineering, art and…

    $1,118,748 spent$1,574,771 earned by the program
    3% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $38,003,942.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($39M) Expenses 100 ($36M) Net assets 100 ($93M)2018 Revenue 94 ($37M) Expenses 104 ($37M) Net assets 105 ($98M)2019 Revenue 89 ($35M) Expenses 107 ($38M) Net assets 103 ($96M)2020 Revenue 94 ($37M) Expenses 112 ($40M) Net assets 98 ($92M)2021 Revenue 112 ($44M) Expenses 114 ($41M) Net assets 121 ($113M)2022 Revenue 122 ($48M) Expenses 120 ($43M) Net assets 116 ($109M)2023 Revenue 156 ($61M) Expenses 130 ($46M) Net assets 137 ($128M)2024 Revenue 133 ($52M) Expenses 142 ($51M) Net assets 146 ($136M)2025 Revenue 145 ($57M) Expenses 148 ($53M) Net assets 157 ($147M)
'17'18'19'20'21'22'23'24'25
Revenue (145)Expenses (148)Net assets (157)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $102M to $133M (+30%).

$99M
$106M
$105M
$102M
$133M
$126M
$146M
$155M
$167M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 8% · 2022 0% · 2023 1%. Grants only. Government contracts and fees sit inside program revenue.

11% of SHADY SIDE ACADEMY’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$3.6M
’17
−$245k
’18
−$3.0M
’19
−$2.8M
’20
$3.4M
’21
$4.9M
’22
$15M
’23
$1.4M
’24
$3.9M
’25
3.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Robert S Mullin

Chair of the board

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed403841404143363037
Joined·+7+10+6+7+9+8+5+13
No longer listed·9776715116
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 28 funders to 43 funders, grant income rose $1.2M → $1.3M.

18 of 104 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SHADY SIDE ACADEMY’s funders (the co-funder graph). Top 30 of 104 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SHADY SIDE ACADEMY has a broad base — no single funder exceeds 27% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

28% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SHADY SIDE ACADEMY.

27%
largest funder
50%
top three
~9
effective funders

Largest funder’s share by year: 2017 42% · 2018 40% · 2019 15% · 2020 80% · 2021 56% · 2022 41% · 2023 15% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

52% of SHADY SIDE ACADEMY's funders are still giving 3 years after their first grant; 67% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

58% of SHADY SIDE ACADEMY's grant income comes from Pennsylvania funders.

IL
NY
MA
OH
PA
RI
CA
NE
VA
MD
DE
NC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Pennsylvania out of state home

Funder states come from each funder’s own filing. $3.0M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SHADY SIDE ACADEMY runs a healthier operating margin than half of the 3,794 education nonprofits its size.

Operating margin7% · above the median
Months of reserve3.4mo · above the median
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like SHADY SIDE ACADEMY

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

72% of spending goes to programs.

Program 72%Management 27%Fundraising 1%

Governance

25
board members
84%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

53%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

PA

Part of a family of 3 related entities

  • Shady Side Academy Foundation · exempt
  • Fox Chapel Country Day School · exempt
  • Pooled Income Fund · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for SHADY SIDE ACADEMY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SHADY SIDE ACADEMY?
SHADY SIDE ACADEMY (Pennsylvania) receives grants from 104 organizations whose IRS filings report $19,646,355 to it, the largest being MARIE CHRISTINE FOUNDATION ($5,206,600). 70 of them have funded it in more than one year.
How many funders does SHADY SIDE ACADEMY have?
IRS filings report 104 organizations giving $19,646,355 in grants to SHADY SIDE ACADEMY, 70 of which have funded it in more than one year.
Who is the largest funder of SHADY SIDE ACADEMY?
MARIE CHRISTINE FOUNDATION is the largest funder on record, with $5,206,600 in grants. The full list of funders is on this page.
How can an organization like SHADY SIDE ACADEMY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 104 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing