Waverly School

Analysis

Waverly School is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in May 2002, 24 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, Waverly School reported income of $14.9m and spending of $10.9m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.6m to $14.9m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waverly School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Sussex Academy of Arts & Sciences Inc ($14.9m), Good Reason Houston Inc ($14.9m) and Galileo School Foundation Inc ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $474k (4.4% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $19.8m against liabilities of $12.8m, net assets of $7.0m. It reported 104 employees.