Lawrence Woodmere Academy
Lawrence Woodmere Academy shows recent financial recovery after years of operating deficits, with liabilities consistently exceeding assets.
EIN: 113028408 · Woodmere, NY · NTEE: B99Z · Updated: 2026-03-28
Is Lawrence Woodmere Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lawrence Woodmere Academy directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lawrence Woodmere Academy
Lawrence Woodmere Academy (EIN: 113028408) is a nonprofit organization based in Woodmere, NY, classified under NTEE code B99Z. The organization reported total revenue of $12.8M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lawrence Woodmere Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lawrence Woodmere Academy with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Lawrence Woodmere Academy allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size ($12.8 million latest revenue) and suggests that executive compensation may be reported under other expense categories or that leadership is entirely volunteer-based.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lawrence Woodmere Academy's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential solvency issues or high debt reliance (e.g., $6,889,210 liabilities vs. $4,033,544 assets in 202306).
- Multiple years of operating deficits prior to the latest filing (e.g., 202206, 202106, 202006).
- Unusual 0% officer compensation reported across all filings, potentially obscuring executive pay details.
Strengths
The following positive indicators were identified for Lawrence Woodmere Academy:
- Significant positive net income in the latest filing (202306) of $4,365,769, showing a strong recent financial turnaround.
- Substantial revenue generation, with latest revenue at $12,826,465.
Frequently Asked Questions about Lawrence Woodmere Academy
Is Lawrence Woodmere Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Lawrence Woodmere Academy (EIN: 113028408) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Lawrence Woodmere Academy spend its money?
Lawrence Woodmere Academy directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lawrence Woodmere Academy tax-deductible?
Lawrence Woodmere Academy is registered as a tax-exempt nonprofit (EIN: 113028408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lawrence Woodmere Academy financially stable long-term?
While the latest filing (202306) shows a strong positive net income, the historical trend of operating deficits and liabilities consistently exceeding assets suggests potential long-term financial stability concerns that warrant further investigation.
How does Lawrence Woodmere Academy manage its debt?
The organization consistently carries significant liabilities, such as $6,889,210 in 202306, which are substantially higher than its assets ($4,033,544). This indicates a high reliance on debt or deferred revenue, and the specific management strategies are not detailed in the provided summary data.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is unusual for an organization of this size. It could mean that executive roles are entirely volunteer, or that compensation is categorized differently within the expense breakdown, which could affect transparency.
Filing History
IRS 990 filing history for Lawrence Woodmere Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lawrence Woodmere Academy's revenue has grown by 33.9%, moving from $9.2M to $12.3M. Total assets increased by 22.3% over the same period, from $3.3M to $4.0M. Total functional expenses fell by 14.3%, from $9.3M to $8.0M. In its most recent filing year (2023), Lawrence Woodmere Academy reported a surplus of $4.4M, with revenue exceeding expenses. The organization holds $6.9M in liabilities against $4.0M in assets (debt-to-asset ratio: 170.8%), resulting in net assets of $-2,855,666.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $12.3M | $8.0M | $4.0M | $6.9M | — | View 990 |
| 2022 | $6.8M | $6.8M | $2.7M | $10.0M | — | View 990 |
| 2021 | $4.2M | $4.9M | $3.1M | $9.8M | — | View 990 |
| 2020 | $8.3M | $9.4M | $3.1M | $9.0M | — | — |
| 2019 | $12.6M | $12.5M | $2.4M | $7.2M | — | View 990 |
| 2018 | $11.0M | $11.6M | $2.6M | $7.5M | — | — |
| 2017 | $10.9M | $11.5M | $2.7M | $7.0M | — | View 990 |
| 2016 | $11.0M | $10.9M | $4.0M | $7.8M | — | View 990 |
| 2015 | $10.0M | $10.3M | $3.6M | $7.5M | — | View 990 |
| 2014 | $11.4M | $10.0M | $4.0M | $7.5M | — | View 990 |
| 2013 | $9.8M | $9.8M | $4.6M | $9.4M | — | View 990 |
| 2012 | $9.2M | $9.3M | $3.3M | $8.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.3M, expenses of $8.0M, and assets of $4.0M (revenue +81.1% year-over-year).
- 2022: Revenue of $6.8M, expenses of $6.8M, and assets of $2.7M (revenue +63.5% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.9M, and assets of $3.1M (revenue -49.7% year-over-year).
- 2020: Revenue of $8.3M, expenses of $9.4M, and assets of $3.1M (revenue -34.0% year-over-year).
- 2019: Revenue of $12.6M, expenses of $12.5M, and assets of $2.4M (revenue +14.5% year-over-year).
- 2018: Revenue of $11.0M, expenses of $11.6M, and assets of $2.6M (revenue +0.4% year-over-year).
- 2017: Revenue of $10.9M, expenses of $11.5M, and assets of $2.7M (revenue -0.8% year-over-year).
- 2016: Revenue of $11.0M, expenses of $10.9M, and assets of $4.0M (revenue +10.6% year-over-year).
- 2015: Revenue of $10.0M, expenses of $10.3M, and assets of $3.6M (revenue -12.3% year-over-year).
- 2014: Revenue of $11.4M, expenses of $10.0M, and assets of $4.0M (revenue +15.7% year-over-year).
- 2013: Revenue of $9.8M, expenses of $9.8M, and assets of $4.6M (revenue +6.5% year-over-year).
- 2012: Revenue of $9.2M, expenses of $9.3M, and assets of $3.3M.
Data Sources and Methodology
This transparency report for Lawrence Woodmere Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.