Waldorf Educational Association of NC Inc

Analysis

Waldorf Educational Association of NC Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in April 1984, 42 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, Waldorf Educational Association of NC Inc reported income of $5.7m and spending of $5.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waldorf Educational Association of NC Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Berkshire Hills Music Academy Inc ($5.7m), Berkley Accelerated Middle School Inc ($5.7m) and The Writing Revolution Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $199k (3.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.9m against liabilities of $1.8m, net assets of $4.2m. It reported 97 employees.