Charity Search / WOODBERRY FOREST SCHOOL
Education (B250) IRS Verified DX Registered 990 on File

WOODBERRY FOREST SCHOOL

EIN: 54-0519590 · WOODBERRY FOR, VA 22989-8002 · United States · FY 2023 Data
3 out of 5 59 / 100 Based on one year of filings
Financial strength (30%) 99/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

The purpose of the school is to develop in its students, under Christian principles, a high sense of honor and moral integrity, a deep respect for sound scholarship, a full acceptance of responsibility, a love of excellence, and a will toward personal sacrifice in service to others. It is likewise its mission, based on these ideals, to develop its students into leaders, to train its students toward a useful contribution to the democratic society in which they live, and to give them thorough preparation for the best colleges and universities consistent with their individual potentials. The abiding concern of Woodberry Forest School is the personal growth of its students. To this end, the school attempts to provide a broad experience with balanced emphasis on the academic, artistic, physical, and spiritual development of its students. In so doing, the school believes that well-conceived challenges together with support and encouragement will instill self-confidence and a striving for continuing excellence throughout life. Woodberry Forest is committed to helping students become individuals whose sense of values and capacity to reason effectively will allow them to deal with important intellectual, ethical, and social problems and to lead rewarding private lives. In keeping with this objective, the faculty is more concerned with teaching students how to think than what to think. As a community the school fosters an atmosphere of civility and cooperation, urging its members to treat one another with the respect and consideration they hope to receive in return. The underpinning of that effort is the Honor System, which is not so much a rigid code as it is a way of life that is fundamental to the decency of the Woodberry Forest community. The school seeks to maintain a secure and healthy environment for its students to go about the process of growing and learning, in the hope that every student will come to think of Woodberry Forest as a second home.

Financial Overview — FY 2023
$46.2M
Total Revenue
$50.2M
Total Expenses
$514.5M
Net Assets
408
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 82.6%
Fundraising Efficiency N/A
Operating Reserve 123.09x
Liability-to-Asset 14.2%
Revenue Diversification 57.5%
Executive Compensation $1.8M
Compared with Peers
FY 2023
Compared with 3,578 similar organizations (United States, Education, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
82.6% 84.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
10.9% 13.5%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
6.5% 0.7%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
123.1 mo 10.9 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
14.2% 34.2%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
57.5% 87.3%
P10P90
Top quarter
Surplus margin
Surplus as a share of revenue
-8.5% 2.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $46.2M $50.2M $514.5M 82.6% 408
2021 $54.1M $43.6M N/A — 354
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Organization Details
EIN
54-0519590
State
VA
City
WOODBERRY FOR
ZIP
22989-8002
Classification
B250
Category
Education
Rating
3★
Coverage
B
Last Updated
Aug 2026
Foundation Code
11
Form 990
On File
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