Wayman Academy of the Arts Inc

Analysis

Wayman Academy of the Arts Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 2014, 12 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, Wayman Academy of the Arts Inc reported income of $1.9m and spending of $2.5m, spending 131% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $2.6m to $1.9m (-26%), an average of -9.7% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. 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, Wayman Academy of the Arts Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include The Clayton Christensen Institute for Disruptive Innovation ($1.9m), St Johns Academy Private School Inc ($1.9m) and Twenty First Century Charter Schools Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $768k against liabilities of $54k, net assets of $714k. It reported 53 employees.