West Virginia Academy Ltd

Analysis

West Virginia Academy Ltd is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, West Virginia Academy Ltd reported income of $2.5m and spending of $2.6m, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $46k to $2.5m (+5294%), an average of +5294% a year. The sharpest change came in the year to June 2023, when income rose by 5294%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Virginia Academy Ltd sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Wenatchee Valley College Foundation Inc ($2.5m), Fotc - SF Bay Area ($2.5m) and The Vine Christian Academy Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $888k against liabilities of $974k, net assets of -$86k. It reported 69 employees.