Wayland Academy

Analysis

Wayland Academy is a registered charity in United States, based in Beaver Dam, WI. It received its IRS tax-exemption ruling in February 1945, 81 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wayland Academy reported income of $7.3m and spending of $8.1m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.8m to $7.3m (+26%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayland Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Cincinnati Christian Schools Inc ($7.3m), Global Impact STEM Academy ($7.3m) and Greenbrier Christian Academy Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $324k (4.0% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $41.1m against liabilities of $6.1m, net assets of $35.1m. It reported 58 employees.