Wheaton Academy Institute

Analysis

Wheaton Academy Institute is a registered charity in United States, based in West Chicago, IL. It received its IRS tax-exemption ruling in June 2016, 10 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 Institute reported income of $367k and spending of $437k, spending 119% of what it took in. Across the 5 years on record, from August 2019 to July 2023, income fell from $1.0m to $367k (-64%), an average of -23% a year. The sharpest change came in the year to July 2021, when income rose by 81%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wheaton Academy Institute sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Foundation for Building ($367k), Beat the Streets Detroit Inc ($367k) and Devotion After School Enrichment Program Inc ($367k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $241k. At year end it held assets of $85k against liabilities of $89k, net assets of -$4,135. It reported 2 employees.