Girls Leadership Academy of Wilmington Foundation

Analysis

Girls Leadership Academy of Wilmington Foundation is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in May 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 2023, Girls Leadership Academy of Wilmington Foundation reported income of $5.6m and spending of $6.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $5.6m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Girls Leadership Academy of Wilmington Foundation 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 94th percentile within NC. Charities of a similar size with the same main cause include National University Academy Sparrow ($5.6m), Willie Ross School for the Deaf Inc ($5.6m) and Kids Read Now ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $13.1m against liabilities of $12.2m, net assets of $912k. It reported 135 employees.