Wilm Academy of Arts & Science
Only null% goes to programs Strong reserves Growing revenue
Wilm Academy of Arts & Science is a 501(c)(3) organization based in Wilmington, North Carolina, registered in 1997, with $1,382,385 in FY2024 revenue. CharityIndex grades it B.
6201 Myrtle Grove Rd, Wilmington, NC, 28409 EIN 56-2004167 Since 1997
Revenue (FY2024)
$1.4M
▲ 14.4% vs prior year
Education median: $200K
Expenses (FY2024)
$1.3M
Net assets
$1.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Wilm Academy of Arts & Science— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Wilm Academy of Arts & Science: 11 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Wilm Academy of Arts & Science— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Wilm Academy of Arts & Science: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 6201 Myrtle Grove Rd, Wilmington, NC, 28409
- City
- Wilmington
- State
- North Carolina
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Website
- …
Financial trends
Revenue grew from $548K (FY2013) to $1.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $808KNet assets $1.2M
Operating margin
9.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$808K
Net assets
$1.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,382,385▲14.4% | $1,255,320▲11.4% | $1,191,132▲11.9% | $1,999,067▲1.5% | 990 |
| 2023 | $1,208,075▲15.9% | $1,126,618▲16.1% | $1,064,067▲8.3% | $1,969,958▼5.3% | 990 |
| 2022 | $1,042,217▲15.5% | $970,381▲1.1% | $982,610▲7.9% | $2,080,567▲4.4% | 990 |
| 2021 | $902,323▼8.0% | $959,365▲17.2% | $910,774▼5.9% | $1,993,593▼1.5% | 990 |
| 2020 | $980,508▲10.7% | $818,627▲5.4% | $967,816▲20.1% | $2,024,417▲2.1% | 990 |
| 2019 | $885,816▼10.7% | $776,715▼4.0% | $805,935▲15.7% | $1,983,478▲10.6% | 990 |
| 2018 | $992,114▲25.6% | $808,860▲11.4% | $696,834▲35.7% | $1,793,551▲11.2% | 990 |
| 2017 | $790,000▲16.9% | $726,273▲19.9% | $513,580▲25.4% | $1,612,323▲9.1% | 990 |
| 2015 | $675,544▲8.5% | $605,552▲6.2% | $409,545▲20.6% | $1,478,212▲5.2% | 990 |
| 2014 | $622,817▲13.7% | $570,168▲9.8% | $339,553▲18.4% | $1,404,751▲4.9% | 990 |
| 2013 | $547,673 | $519,134▲11.5% | $286,904▲11.0% | $1,338,680▲2.3% | 990 |
| 2012 | — | $465,599▼8.3% | $258,365▲2.4% | $1,309,142▲0.1% | 990 |
| 2011 | — | $507,863 | $252,400 | $1,307,815 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $8,075 total
1 grant to Wilm Academy of Arts & Science totaling $8,075, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Education | 2022 | $8,075 |
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Frequently asked questions
- Is Wilm Academy of Arts & Science a legitimate nonprofit?
- Yes. Wilm Academy of Arts & Science is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2004167, based in Wilmington, North Carolina. Donations are tax-deductible.
- What is Wilm Academy of Arts & Science's EIN?
- Wilm Academy of Arts & Science's Employer Identification Number (EIN) is 56-2004167.
- How much revenue does Wilm Academy of Arts & Science report?
- Wilm Academy of Arts & Science reported $1,382,385 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Wilm Academy of Arts & Science have?
- CharityIndex grades Wilm Academy of Arts & Science B, based on financial health (reserves and operating margin).
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Data for Wilm Academy of Arts & Science (EIN 56-2004167) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.