Wheaton Academy Foundation

Analysis

Wheaton Academy Foundation is a registered charity in United States, based in West Chicago, IL. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Wheaton Academy Foundation reported income of $798k and spending of $207k, leaving 74% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $116k to $798k (+587%), an average of +62% a year. The sharpest change came in the year to July 2022, when income dropped by 201%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wheaton Academy Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Vertical Skills Academy ($798k), Ace Mentor Los Angeles Metropolitan Area Inc ($798k) and City Wildlife Inc ($798k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.