Wolcott School

Analysis

Wolcott School is a registered charity in United States, based in Chicago, IL. 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, Wolcott School reported income of $10.3m and spending of $10.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $10.3m (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 45%. 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, Wolcott School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Providence Creek Academy Charter School ($10.3m), Early Light Academy ($10.3m) and Central Arkansas Christian Schools Incorporated ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $375k (3.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $19.7m against liabilities of $3.2m, net assets of $16.5m. It reported 80 employees.