West Sound Academy

Analysis

West Sound Academy is a registered charity in United States, based in Poulsbo, WA. It received its IRS tax-exemption ruling in June 1998, 28 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 2024, West Sound Academy reported income of $2.4m and spending of $1.9m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $2.4m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Sound Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Calumet Christian School Inc ($2.4m), Sarasota Academy of the Arts Inc ($2.4m) and United Schools Network Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $107k (5.7% of expenses). Other salaries and wages came to $864k. At year end it held assets of $5.3m against liabilities of $3.9m, net assets of $1.4m. It reported 31 employees.