Castle Wood Terrace Inc

Analysis

Castle Wood Terrace Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Castle Wood Terrace Inc reported income of $1.0m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $893k to $1.0m (+17%), an average of +4.0% a year. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Castle Wood Terrace Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Kalamazoo Country Day School ($1.0m), Institute for Future Intelligence Inc ($1.0m) and Early Partners ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $295k. At year end it held assets of $4.0m against liabilities of $474k, net assets of $3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.