Western Academy Inc

Analysis

Western Academy Inc is a registered charity in United States, based in Loxahatchee, FL. It received its IRS tax-exemption ruling in July 2003, 23 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, Western Academy Inc reported income of $6.9m and spending of $8.3m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $6.9m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Carl C Icahn Charter School ($6.9m), St Michaels Episcopal School Inc ($6.9m) and Friends of Appleton Library Incorporated ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $66k (0.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $17.9m against liabilities of $18.9m, net assets of -$970k. It reported 132 employees.