Powhatan School

Analysis

Powhatan School is a registered charity in United States, based in Boyce, VA. It received its IRS tax-exemption ruling in December 1965, 61 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, Powhatan School reported income of $6.8m and spending of $6.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.8m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Powhatan School 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 VA. Charities of a similar size with the same main cause include Long Valley Charter School ($6.8m), Kansas Health Science University Inc ($6.8m) and The Harmony Project ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $200k (3.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $13.5m against liabilities of $576k, net assets of $12.9m. It reported 90 employees.