The Woodward School for Girls Inc

Analysis

The Woodward School for Girls Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Woodward School for Girls Inc reported income of $1.5m and spending of $3.3m, spending 219% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.5m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 168% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Woodward School for Girls Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Grand Rapids Christian School Foundation ($1.5m), Bible Studies Inc ($1.5m) and Barren County Family YMCA Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $10.1m against liabilities of $2.7m, net assets of $7.4m. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.