Wayne Preparatory Academycharter School Inc

Analysis

Wayne Preparatory Academycharter School Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in November 2015, 11 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, Wayne Preparatory Academycharter School Inc reported income of $10.7m and spending of $11.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $10.7m (+86%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayne Preparatory Academycharter School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Saint Martin de Porres High School ($10.7m), Uc Academy International Inc ($10.7m) and The Academy of Classical Christian Studies Inc ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.8% of the total. At year end it held assets of $18.8m against liabilities of $18.5m, net assets of $260k. It reported 180 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.