World of Learning Academy Inc

Analysis

World of Learning Academy Inc is a registered charity in United States, based in Pounding Mill, VA. It received its IRS tax-exemption ruling in September 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 December 2023, World of Learning Academy Inc reported income of $84k and spending of $101k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $144k to $84k (-41%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World of Learning Academy Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Friends of the Grosse Pointe Public Library ($84k), Vancouver Swim Club ($84k) and Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $226 against liabilities of $0, net assets of $226.