Wheaton Academy

Analysis

Wheaton Academy is a registered charity in United States, based in West Chicago, IL. It received its IRS tax-exemption ruling in January 1960, 66 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 July 2023, Wheaton Academy reported income of $21.9m and spending of $19.6m, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $17.2m to $21.9m (+27%), an average of +6.2% a year. The sharpest change came in the year to July 2022, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wheaton Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include El Paso Education Initiative Inc ($21.9m), Cardigan Mountain School ($21.9m) and Appletree Institute for Education Innovation Inc ($21.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $582k (3.0% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $55.5m against liabilities of $20.5m, net assets of $34.9m. It reported 233 employees.