Metro East Web Academy

Analysis

Metro East Web Academy is a registered charity in United States, based in Gresham, OR. It received its IRS tax-exemption ruling in May 2010, 16 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 June 2023, Metro East Web Academy reported income of $5.8m and spending of $6.9m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.8m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 51%. 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, Metro East Web Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OR. Charities of a similar size with the same main cause include Community Montessori ($5.8m), Northwest Commission on Colleges and Universities ($5.8m) and The Peabody School ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $271k (3.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $14.0m against liabilities of $12.0m, net assets of $2.0m. It reported 72 employees.