Richard Winn Academy

Analysis

Richard Winn Academy is a registered charity in United States, based in Winnsboro, SC. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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, Richard Winn Academy reported income of $473k and spending of $1.6m, spending 341% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income fell from $1.6m to $473k (-70%), an average of -26% a year. The sharpest change came in the year to June 2023, when income dropped by 74%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richard Winn Academy sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Mankato United Soccer Club ($473k), Christian Family Service Inc ($473k) and Eva Tatman Trust ($473k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $59k (3.7% of expenses). Other salaries and wages came to $932k. At year end it held assets of $2.3m against liabilities of $1.5m, net assets of $815k. It reported 60 employees.