Wilmington Education Organization

Analysis

Wilmington Education Organization is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in April 2017, 9 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, Wilmington Education Organization reported income of $11.0m and spending of $11.4m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.0m to $11.0m (+119%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wilmington Education Organization sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Sonoma Country Day School ($11.0m), Shawn Carter Scholarship Fund ($11.0m) and Haigazian University Inc ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 77% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $22.3m against liabilities of $24.7m, net assets of -$2.4m. It reported 124 employees.