Whitefield Academy Association

Analysis

Whitefield Academy Association is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 1995, 31 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, Whitefield Academy Association reported income of $2.8m and spending of $3.1m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.8m (+33%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whitefield Academy Association sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MO. Charities of a similar size with the same main cause include Athenaeum of Philadelphia ($2.8m), Akwesasne Boys & Girls Club St Regis Mohawk Tribe ($2.8m) and Precious Hearts Academy ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $105k (3.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $549k. It reported 68 employees.