Our Lady of the Woods Corporation

Analysis

Our Lady of the Woods Corporation is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in July 1975, 51 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, Our Lady of the Woods Corporation reported income of $9.6m and spending of $9.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $9.6m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of the Woods Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Boy Scouts of America ($9.6m), Valley City State University Foundation ($9.6m) and Young Mens Christian Assn of Springfield ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $641k (6.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $18.7m against liabilities of $10.5m, net assets of $8.2m. It reported 85 employees.