Woodberry Forest School

Analysis

Woodberry Forest School is a registered charity in United States, based in Woodberry for, VA. It received its IRS tax-exemption ruling in May 1932, 94 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, Woodberry Forest School reported income of $46.2m and spending of $50.2m, spending 109% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $70.1m to $46.2m (-34%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woodberry Forest School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Mary Institute and Saint Louis Country Day School ($46.1m), Nightingale-Bamford School ($46.2m) and Holton-Arms School Inc ($46.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $1.8m (3.5% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $599.6m against liabilities of $85.0m, net assets of $514.5m. It reported 408 employees.