Woodlawn Arts Academy

Analysis

Woodlawn Arts Academy is a registered charity in United States, based in Sterling, IL. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Woodlawn Arts Academy reported income of $828k and spending of $791k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $730k to $828k (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Woodlawn Arts 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 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Florida Council on Economic Education Inc ($828k), Forward Biolabs Inc ($828k) and American Leadership Forum ($828k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $323k. At year end it held assets of $437k against liabilities of $75k, net assets of $362k. It reported 71 employees.