Wooster School Corporation

Analysis

Wooster School Corporation is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in February 1951, 75 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, Wooster School Corporation reported income of $16.5m and spending of $16.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.1m to $16.5m (+9.5%), an average of +2.3% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wooster School Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Hills Insurance Company Inc ($16.5m), Community Legal Servies of Mid- Florida Inc ($16.5m) and Gates Cambridge TR ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $994k (6.2% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $18.5m against liabilities of $3.5m, net assets of $14.9m. It reported 113 employees.