Whitefield Academy Inc

Analysis

Whitefield Academy Inc is a registered charity in United States, based in Mableton, GA. It received its IRS tax-exemption ruling in June 1974, 52 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, Whitefield Academy Inc reported income of $34.0m and spending of $29.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.9m to $34.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Whitefield Academy Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Resources for Community Development ($34.0m), Saint Davids School ($34.0m) and Centro de Servicios Primarios de Salud de Patillas Inc ($34.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $744k (2.6% of expenses). Other salaries and wages came to $10.4m. It paid $326k in professional fundraising fees. At year end it held assets of $94.1m against liabilities of $26.0m, net assets of $68.1m. It reported 297 employees.