Digital Workforce Academy Inc

Analysis

Digital Workforce Academy Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2003, 23 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 December 2023, Digital Workforce Academy Inc reported income of $434k and spending of $505k, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $406k to $434k (+6.9%), an average of +1.3% a year. The sharpest change came in the year to December 2019, when income rose by 107%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Digital Workforce Academy Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Twin Falls Public Library Foundation Inc ($434k), Saxon Hill School Inc ($434k) and Physicians Leadership Academy ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $38k (7.5% of expenses). At year end it held assets of $1.9m against liabilities of $34k, net assets of $1.9m. It reported 5 employees.