Wilson Preparatory Academy

Analysis

Wilson Preparatory Academy is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in February 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, Wilson Preparatory Academy reported income of $9.9m and spending of $9.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $9.9m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wilson Preparatory Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Focus Learning Academy of Northern Columbus ($9.9m), Kairos Academies ($9.9m) and Goodwill Excel Center Public Charter School ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 78% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $23.8m against liabilities of $16.3m, net assets of $7.5m. It reported 134 employees.