DC Way Academy

Analysis

DC Way Academy is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, DC Way Academy reported income of $415k and spending of $411k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $221k to $415k (+88%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, DC Way Academy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Faith Hope and Love Community Inc ($415k), Read for Literacy Inc ($415k) and Rise Program Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $143k (35% of expenses). Other salaries and wages came to $644. At year end it held assets of $16k against liabilities of $51k, net assets of -$35k. It reported 8 employees.