Lawrence Woodmere Academy

Analysis

Lawrence Woodmere Academy is a registered charity in United States, based in Woodmere, NY. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lawrence Woodmere Academy reported income of $12.3m and spending of $8.0m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.6m to $12.3m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lawrence Woodmere Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Odyssey Charter Schools ($12.3m), Uaspire Inc ($12.3m) and Legacy Traditional School - Laveen ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $642k (8.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $4.0m against liabilities of $6.9m, net assets of -$2.9m. It reported 152 employees.