Prince William Academy Inc

Analysis

Prince William Academy Inc is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in May 2008, 18 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, Prince William Academy Inc reported income of $3.0m and spending of $2.8m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $3.0m (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 49%. 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, Prince William Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Taylor University Broadcasting Inc ($3.0m), Calvin Christian School Society at South Holland Ill ($3.0m) and Duxbury Bay Maritime School Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $75k (2.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $318k against liabilities of $188k, net assets of $130k. It reported 72 employees.