Waynflete School

Analysis

Waynflete School is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 1943, 83 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, Waynflete School reported income of $27.0m and spending of $24.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.3m to $27.0m (+33%), an average of +7.5% a year. 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, Waynflete School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include College of St Mary ($27.0m), Hope Academy Inc ($27.0m) and Battle Ground Academy of Franklin Tennessee ($27.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $674k (2.8% of expenses). Other salaries and wages came to $9.8m. It paid $57k in professional fundraising fees. At year end it held assets of $66.7m against liabilities of $22.5m, net assets of $44.2m. It reported 325 employees.