Woods Learning Academy Inc

Analysis

Woods Learning Academy Inc is a registered charity in United States, based in Gramercy, LA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Woods Learning Academy Inc reported income of $150k and spending of $160k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $264k to $150k (-43%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woods Learning Academy Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within LA. Charities of a similar size with the same main cause include Society of the Debutante Charity Cotillion Inc ($150k), SS Peter and Paul Catholic School Endowment Fund Inc ($150k) and Lewis County Ministerial ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $45k (28% of expenses). At year end it held assets of $260k against liabilities of $0, net assets of $260k. It reported 4 employees.