Whitney Academy Inc

Analysis

Whitney Academy Inc is a registered charity in United States, based in East Freetown, MA. It received its IRS tax-exemption ruling in October 1995, 31 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, Whitney Academy Inc reported income of $14.8m and spending of $14.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.2m to $14.8m (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whitney Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Crossroads Continuum Inc ($14.7m), Summit Early Learning Inc ($14.8m) and Talkingpoints ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $390k (2.6% of expenses). At year end it held assets of $10.7m against liabilities of $4.4m, net assets of $6.3m. It reported 262 employees.