Carter G Woodson School Inc

Analysis

Carter G Woodson School Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 2013, 13 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 June 2023, Carter G Woodson School Inc reported income of $6.4m and spending of $5.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.4m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carter G Woodson School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include University Gateway Corporation ($6.4m), Hobe Sound Bible College Inc ($6.4m) and Legacy Traditional School-Mesa ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $47k (0.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.5m against liabilities of $2.6m, net assets of $3.9m. It reported 108 employees.