Laurelwood Academy Inc

Analysis

Laurelwood Academy Inc is a registered charity in United States, based in Vernonia, OR. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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, Laurelwood Academy Inc reported income of $606k and spending of $701k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $801k to $606k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2022, when income rose by 153%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurelwood Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OR. Charities of a similar size with the same main cause include Ice Hockey in Harlem Inc ($606k), Jefferson County Library Foundation Inc ($606k) and Region 10 Tribal Operations Committee Consortium ($606k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $50k (7.2% of expenses). At year end it held assets of $855k against liabilities of $3,012, net assets of $852k. It reported 3 employees.