Winston-Salem Academy Inc

Analysis

Winston-Salem Academy Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 2002, 24 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, Winston-Salem Academy Inc reported income of $9.4m and spending of $9.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $9.4m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Winston-Salem Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include A Public School of Choice Inc ($9.4m), Breakthrough ($9.5m) and Smart Start of Forsyth County ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $2.0m against liabilities of $1.9m, net assets of $176k.