Western Reserve Academy

Analysis

Western Reserve Academy is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in June 1927, 99 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, Western Reserve Academy reported income of $44.2m and spending of $40.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.1m to $44.2m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Reserve Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Classical Charter Schools ($44.2m), Da Vinci Schools ($44.2m) and University Enterprises Corporation at Csusb ($44.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1.4m (3.5% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $225.8m against liabilities of $22.5m, net assets of $203.3m. It reported 253 employees.