Walton Academy Inc

Analysis

Walton Academy Inc is a registered charity in United States, based in Defuniak SPGS, FL. It received its IRS tax-exemption ruling in March 2002, 24 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, Walton Academy Inc reported income of $2.9m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.9m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walton Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Aspire Public Schools Foundation ($2.9m), Montessori Childrens Center Inc ($2.9m) and Minnesota Discovery Center ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $663k. It reported 39 employees.