Wolakota Waldorf Society

Analysis

Wolakota Waldorf Society is a registered charity in United States, based in Kyle, SD. It received its IRS tax-exemption ruling in March 1995, 31 years ago. 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, Wolakota Waldorf Society reported income of $1.4m and spending of $1.1m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.6m to $1.4m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income rose by 400%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wolakota Waldorf Society sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within SD. Charities of a similar size with the same main cause include St Joseph Education Foundation ($1.4m), Metuchen Community Services Corporation ($1.4m) and Eau Claire Area Hmong Mutual Assist Association Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $97k (9.1% of expenses). Other salaries and wages came to $552k. At year end it held assets of $3.9m against liabilities of $571k, net assets of $3.3m. It reported 45 employees.