Washington College Academy

Analysis

Washington College Academy is a registered charity in United States, based in Limestone, TN. It received its IRS tax-exemption ruling in May 1942, 84 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 2024, Washington College Academy reported income of $132k and spending of $121k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $127k to $132k (+4.1%), an average of +1.0% a year. The sharpest change came in the year to June 2024, when income dropped by 39%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington College Academy sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Little League Baseball Inc ($132k), Follow the Flag ($132k) and Crosslines Ministry ($132k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.9% and program service revenue 77% of the total. Other salaries and wages came to $51k. At year end it held assets of $2.7m against liabilities of $797, net assets of $2.7m. It reported 1 employees.