Woodward Academy Inc

Analysis

Woodward Academy Inc is a registered charity in United States, based in College Park, GA. It received its IRS tax-exemption ruling in August 1933, 93 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 May 2023, Woodward Academy Inc reported income of $91.6m and spending of $91.9m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $93.7m to $91.6m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to May 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woodward Academy Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Dyouville College ($91.5m), Brooklyn Law School ($91.7m) and Texas Association of School Boards Inc ($91.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.4% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $2.4m (2.6% of expenses). Other salaries and wages came to $41.5m. At year end it held assets of $303.7m against liabilities of $98.1m, net assets of $205.6m. It reported 981 employees.