Silverwood School

Analysis

Silverwood School is a registered charity in United States, based in Poulsbo, WA. It received its IRS tax-exemption ruling in August 1991, 35 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, Silverwood School reported income of $1.3m and spending of $1.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $675k to $1.3m (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Silverwood School sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Kovago Developmental Foundation Inc ($1.3m), Kansas City Startup Foundation ($1.3m) and Century College Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 91% of the total. Other salaries and wages came to $735k. At year end it held assets of $1.2m against liabilities of $598k, net assets of $559k. It reported 27 employees.