Wizard Academy

Analysis

Wizard Academy is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wizard Academy reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $834k to $1.5m (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wizard Academy sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Colquitt Christian Academy of Moultrie Inc ($1.5m), Vancouver School Dist No 37 Foundation ($1.5m) and New Jersey United Christian Academy ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $184k (12% of expenses). Other salaries and wages came to $246k. At year end it held assets of $3.2m against liabilities of $15k, net assets of $3.1m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.