Port Townsend School of Woodworking

Analysis

Port Townsend School of Woodworking is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in May 2011, 15 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 December 2023, Port Townsend School of Woodworking reported income of $866k and spending of $921k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $562k to $866k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Port Townsend School of Woodworking sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Solid Foundation Preschool ($866k), Kensington Montessori Schools of California ($866k) and Maayan Hatorah Day School ($866k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 80% of the total. Other salaries and wages came to $440k. At year end it held assets of $705k against liabilities of $496k, net assets of $209k. It reported 21 employees.