Whidbey Island Waldorf School

Analysis

Whidbey Island Waldorf School is a registered charity in United States, based in Clinton, WA. It received its IRS tax-exemption ruling in July 1986, 40 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, Whidbey Island Waldorf School reported income of $2.0m and spending of $2.2m, spending 107% of what it took in. Across the 5 years on record, from July 2019 to June 2023, income grew from $831k to $2.0m (+143%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 209%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Whidbey Island Waldorf School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Keystone Initiative for Network Based Education & Research ($2.0m), The Mended Hearts Inc ($2.0m) and National Hispanic Institute Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $122k (5.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.0m against liabilities of $422k, net assets of $612k. It reported 74 employees.