Waseca Learning Environment Inc

Analysis

Waseca Learning Environment Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in June 1994, 32 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 August 2023, Waseca Learning Environment Inc reported income of $1.1m and spending of $855k, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $874k to $1.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to August 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waseca Learning Environment Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Matrix Lifecare Center Inc Bravely Womens Health ($1.1m), Kings Academy Inc ($1.1m) and Interfaith Center of New York Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $700k. At year end it held assets of $1.0m against liabilities of $547k, net assets of $503k. It reported 46 employees.