World Business Academy

Analysis

World Business Academy is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, World Business Academy reported income of $266k and spending of $612k, spending 230% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $458k to $266k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 1283%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, World Business Academy 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 62nd percentile within CA. Charities of a similar size with the same main cause include Kensap Inc ($266k), Precious People Preschool Inc ($266k) and Fusion Homeschooling Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 30% of the total. Other salaries and wages came to $133k. At year end it held assets of $8.1m against liabilities of $1.8m, net assets of $6.3m. It reported 5 employees.