South Walton Academy Inc

Analysis

South Walton Academy Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in July 2017, 9 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 2022, South Walton Academy Inc reported income of $2.7m and spending of $2.3m, spending 85% of its income. Across the 4 years on record, from July 2019 to July 2022, income grew from $524k to $2.7m (+410%), an average of +72% a year. The sharpest change came in the year to July 2021, when income rose by 100%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Walton Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Many Rivers Montessori ($2.7m), Dixon School of Arts and Sciences Inc ($2.7m) and National Association of Schools of Music ($2.7m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $149k (6.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $695k against liabilities of $300k, net assets of $395k. It reported 45 employees.