George Walton Academy Inc

Analysis

George Walton Academy Inc is a registered charity in United States, based in Monroe, GA. It received its IRS tax-exemption ruling in February 1971, 55 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, George Walton Academy Inc reported income of $13.7m and spending of $12.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.1m to $13.7m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, George Walton Academy Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include National Skeet Shooting Association a Texas Corp ($13.5m), Western Athletic Conference ($13.8m) and Golden State Community Foundation ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $373k (2.9% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $19.6m against liabilities of $9.6m, net assets of $10.1m. It reported 229 employees.