Noah Webster Academy Inc

Analysis

Noah Webster Academy Inc is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in March 2008, 18 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, Noah Webster Academy Inc reported income of $5.5m and spending of $5.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.5m (+31%), an average of +7.1% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noah Webster Academy Inc 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 92nd percentile within UT. Charities of a similar size with the same main cause include Frederick Classical Charter School Inc ($5.5m), Walden School ($5.5m) and Foundation for California University of Pennsylvania ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $111k (2.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.7m against liabilities of $7.7m, net assets of $2.9m. It reported 102 employees.