Wauhatchie School Inc

Analysis

Wauhatchie School Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 2019, 7 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 May 2023, Wauhatchie School Inc reported income of $943k and spending of $1.1m, spending 115% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $364k to $943k (+159%), an average of +37% a year. The sharpest change came in the year to May 2021, when income rose by 74%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wauhatchie School Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include District 214 Education Foundation ($943k), Central Jersey Sikh Association Inc ($943k) and Ohio Fair Services Inc ($943k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $58k (5.3% of expenses). Other salaries and wages came to $742k. At year end it held assets of $256k against liabilities of $132k, net assets of $124k. It reported 43 employees.