Wyncote Academy

Analysis

Wyncote Academy is a registered charity in United States, based in Melrose Park, PA. It received its IRS tax-exemption ruling in June 1987, 39 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, Wyncote Academy reported income of $2.6m and spending of $3.1m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $2.6m (+17%), an average of +5.3% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wyncote Academy 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 87th percentile within PA. Charities of a similar size with the same main cause include Literacy Assistance Center ($2.6m), Sewickley Public Library Inc ($2.6m) and Alpha Epsilon Pi Foundation Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $20k (0.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.9m against liabilities of $553k, net assets of $1.3m. It reported 42 employees.