Norwood School Inc

Analysis

Norwood School Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in August 1968, 58 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, Norwood School Inc reported income of $23.6m and spending of $21.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.7m to $23.6m (+4.2%), an average of +1.0% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norwood School Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Foundation Academy Charter School ($23.6m), PWC Foundation Inc ($23.7m) and The Jemicy School Inc ($23.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $770k (3.5% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $68.5m against liabilities of $23.1m, net assets of $45.4m. It reported 212 employees.