Wilkes-Barre Academy

Analysis

Wilkes-Barre Academy is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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 December 2023, Wilkes-Barre Academy reported income of $1.1m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wilkes-Barre Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Midland County Humane Society ($1.1m), Clairvaux Commons Inc ($1.1m) and New Heights of Northeast Florida Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $43k (3.6% of expenses). Other salaries and wages came to $729k. At year end it held assets of $350k against liabilities of $248k, net assets of $102k. It reported 31 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.