Watermark Classical Academy

Analysis

Watermark Classical Academy is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in March 2021, 5 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 December 2023, Watermark Classical Academy reported income of $971k and spending of $841k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $418k to $971k (+132%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 204%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watermark Classical Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Ventura County Electrical Workers Joint Apprenticeship Trust Fund ($971k), Coastal Community Preschool Inc ($971k) and Book Em ($971k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $62k (7.4% of expenses). Other salaries and wages came to $455k. At year end it held assets of $1.7m against liabilities of $667k, net assets of $1.1m. It reported 17 employees.