World Compass Academy

Analysis

World Compass Academy is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in June 2020, 6 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, World Compass Academy reported income of $10.5m and spending of $10.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $10.5m (+42%), an average of +9.2% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, World Compass Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Mary R Gallaspy Charitable Trust No Two ($10.5m), Oregon for Quality Virtual Education Inc ($10.5m) and Colegio Catolico Notre Dame Corp ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $99k (1.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $24.4m against liabilities of $36.5m, net assets of -$12.1m. It reported 145 employees.