Waccamaw Park Public Charter Schools Inc

Analysis

Waccamaw Park Public Charter Schools Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in May 2004, 22 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, Waccamaw Park Public Charter Schools Inc reported income of $2.6m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.6m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 24%. 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, Waccamaw Park Public Charter Schools Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include The University of Montana Western Foundation ($2.6m), Michigan Assessment Consortium Inc ($2.6m) and Clinton Christian Academy Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $94k (3.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.8m against liabilities of $1.3m, net assets of $536k. It reported 46 employees.