Westminster Academy Inc

Analysis

Westminster Academy Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 2016, 10 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 2024, Westminster Academy Inc reported income of $725k and spending of $760k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $358k to $725k (+102%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 50%. 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, Westminster Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Micro-Society Inc ($725k), Backyard Basecamp Inc ($725k) and The Ndigo Foundation ($725k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 79% of the total. Other salaries and wages came to $396k. At year end it held assets of $116k against liabilities of $60k, net assets of $56k. It reported 16 employees.