Northwood School

Analysis

Northwood School is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in June 1938, 88 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, Northwood School reported income of $10.6m and spending of $10.7m, spending 101% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $7.9m to $10.6m (+35%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwood School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Bethel Home Inc ($10.6m), Concordia Lutheran High School of North Harris County ($10.6m) and Spring Lake Ranch Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $498k (4.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $29.2m against liabilities of $9.2m, net assets of $20.0m. It reported 77 employees.