Wakefield School Inc

Analysis

Wakefield School Inc is a registered charity in United States, based in The Plains, VA. It received its IRS tax-exemption ruling in August 1980, 46 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, Wakefield School Inc reported income of $12.5m and spending of $12.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $12.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 28%. 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, Wakefield School Inc 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 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Archway Classical Academy Trivium West ($12.5m), Universal Audenried Charter School ($12.5m) and Legacy Traditional School - West Surprise ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $318k (2.5% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $20.5m against liabilities of $9.7m, net assets of $10.8m. It reported 130 employees.