Washington Academy

Analysis

Washington Academy is a registered charity in United States, based in East Machias, ME. It received its IRS tax-exemption ruling in November 1947, 79 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 2024, Washington Academy reported income of $5.9m and spending of $6.6m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $6.6m to $5.9m (-12%), an average of -3.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Hoboken Charter School Inc ($5.9m), Greenville Tech Foundation Inc ($5.9m) and Shining Stars Montessori Academy Public Charter School ($5.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.5% and program service revenue 88% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $13.6m against liabilities of $3.8m, net assets of $9.8m. It reported 140 employees.