Woodward Hines Education Foundation

Analysis

Woodward Hines Education Foundation is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Woodward Hines Education Foundation reported income of $2.7m and spending of $7.8m, spending 287% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.7m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 1441%. 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, Woodward Hines Education Foundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within MS. Charities of a similar size with the same main cause include Frankie Lemmon School and Developmental Center Inc ($2.7m), Montessori Academy Inc ($2.7m) and Genesis Christian Academy Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $802k (10% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $213.6m against liabilities of $2.6m, net assets of $211.1m. It reported 36 employees.