Williams School

Analysis

Williams School is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in October 1976, 50 years ago. 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, Williams School reported income of $3.2m and spending of $3.7m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $3.2m (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Williams School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Oregon Youth Soccer Association ($3.2m), Association for Waldorf Education in Davis ($3.2m) and Saint Gregorys School for Boys ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $75k (2.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.9m against liabilities of $768k, net assets of $6.1m. It reported 69 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.