Charles Wright Academy

Analysis

Charles Wright Academy is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in October 1958, 68 years ago. 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, Charles Wright Academy reported income of $19.3m and spending of $21.4m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.5m to $19.3m (-5.9%), an average of -1.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles Wright Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Saint Joseph Pace ($19.3m), Mark Day School ($19.3m) and Lifespan Incorporated ($19.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $412k (1.9% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $76.5m against liabilities of $13.3m, net assets of $63.2m. It reported 218 employees.