Woodstock School of Art Inc

Analysis

Woodstock School of Art Inc is a registered charity in United States, based in Woodstock, NY. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Woodstock School of Art Inc reported income of $908k and spending of $773k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $847k to $908k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Woodstock School of Art Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Sail Maine Inc ($908k), Gyopo ($908k) and 402 Arts Collective ($908k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $72k (9.3% of expenses). Other salaries and wages came to $137k. At year end it held assets of $3.6m against liabilities of $16k, net assets of $3.6m. It reported 15 employees.