Workforce Advantage Academy Inc

Analysis

Workforce Advantage Academy Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in November 2003, 23 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 2024, Workforce Advantage Academy Inc reported income of $3.3m and spending of $2.6m, leaving 20% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.0m to $3.3m (+62%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Workforce Advantage Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include New Mexico Highlands University Foundation Inc ($3.3m), Green Inspiration Academy ($3.3m) and Dakshana Foundation ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $621k (23% of expenses). Other salaries and wages came to $653k. At year end it held assets of $2.1m against liabilities of $555k, net assets of $1.5m. It reported 18 employees.