Winners Circle XR Academy Inc

Analysis

Winners Circle XR Academy Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Winners Circle XR Academy Inc reported income of $262k and spending of $187k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $201k to $262k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Winners Circle XR Academy Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within RI. Charities of a similar size with the same main cause include Achievement Rewards for College Scientists Foundation Inc Orange C ($262k), Northstar Classical School Inc ($262k) and Northwest Ohio Classical Academy Foundation ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $61k (32% of expenses). Other salaries and wages came to $28k. At year end it held assets of $202k against liabilities of $0, net assets of $202k.