Woods Charter School Company

Analysis

Woods Charter School Company is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in January 2007, 19 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, Woods Charter School Company reported income of $6.9m and spending of $6.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $6.9m (+21%), an average of +4.8% a year. 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, Woods Charter School Company 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 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Discovery Academy ($6.9m), Chattanooga Charter School of Excellence ($6.9m) and Duke Global Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $161k (2.5% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $10.8m against liabilities of $6.3m, net assets of $4.5m. It reported 150 employees.