Foundation Academy Winter Garden Inc

Analysis

Foundation Academy Winter Garden Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in July 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 May 2022, Foundation Academy Winter Garden Inc reported income of $14.4m and spending of $13.1m, spending 91% of its income. Across the 3 years on record, from May 2020 to May 2022, income grew from $12.0m to $14.4m (+20%), an average of +9.5% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation Academy Winter Garden Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Diego Hills Public Charter Inc ($14.4m), University of Northern Colorado Foundation Inc ($14.4m) and Prep for Prep ($14.4m).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $260k (2.0% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $27.4m against liabilities of $18.9m, net assets of $8.4m. It reported 232 employees.