Millwood School

Analysis

Millwood School is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in February 1990, 36 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, Millwood School reported income of $4.2m and spending of $4.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.2m (+95%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 220%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Millwood 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 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Organization of Chinese Americans Inc ($4.2m), Opportunities Inc ($4.2m) and Alabama 4h Club Foundation Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $258k (5.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.7m against liabilities of $3.4m, net assets of $327k. It reported 66 employees.