Wake Forest Charter Academy

Analysis

Wake Forest Charter Academy is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in April 2015, 11 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 June 2023, Wake Forest Charter Academy reported income of $7.2m and spending of $7.2m, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $6.7m to $7.2m (+7.3%), an average of +2.4% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wake Forest Charter Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Boricua College ($7.2m), Aesop Inc ($7.2m) and Barack Obama Green Charter School Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $820k against liabilities of $746k, net assets of $75k.