Woodstock Academy

Analysis

Woodstock Academy is a registered charity in United States, based in Woodstock, CT. It received its IRS tax-exemption ruling in December 1974, 52 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, Woodstock Academy reported income of $23.2m and spending of $22.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.7m to $23.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2020, when income rose by 25%. 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, Woodstock Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Summit School ($23.2m), Prescott College Inc ($23.2m) and Lao Family Community Development Inc ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $316k (1.4% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $35.7m against liabilities of $23.5m, net assets of $12.3m. It reported 242 employees.