Waterford School Holding Corporation

Analysis

Waterford School Holding Corporation is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in April 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 August 2023, Waterford School Holding Corporation reported income of $37.4m and spending of $32.2m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $23.8m to $37.4m (+57%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 30%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waterford School Holding Corporation 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 98th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Vermont Law School Inc ($37.3m), Early Learning Coalition of Marion County Inc ($37.4m) and Nebraska Defense Research Corporation ($37.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.4m (4.3% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $90.1m against liabilities of $50.3m, net assets of $39.8m. It reported 430 employees.