West Michigan Academy of Arts and Academics

Analysis

West Michigan Academy of Arts and Academics is a registered charity in United States, based in Spring Lake, MI. It received its IRS tax-exemption ruling in February 2003, 23 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, West Michigan Academy of Arts and Academics reported income of $5.9m and spending of $5.7m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.0m to $5.9m (+46%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Michigan Academy of Arts and Academics sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Ccsu Foundation Inc ($5.9m), Valdosta State University Foundation Inc ($5.9m) and Tiferes Bais Yaakov Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. At year end it held assets of $8.0m against liabilities of $4.6m, net assets of $3.4m.