North Carolina · Nonprofit
WAKE FOREST CHARTER ACADEMY
WAKE FOREST CHARTER ACADEMY (North Carolina) receives grants from 2 organizations whose IRS filings report $3,712 to it, the largest being WAKE ELECTRIC CARE INC ($2,939). 1 of them have funded it in more than one year.
- Revenue FY2025
- $8.7M
- Funders on record
- 2
- Grants received
- $4k
- Net assets
- $63k
What Wake Forest Charter Academy does
Mission
To operate a public charter school and to provide education to children in grades kindergarten through eighth grade based on rigorous teaching methods, parental involvement, student responsibility, and basic moral values. Enrollment is open to all appropriately aged children without regard to gender, ethnic background, disability, and/or religious affiliation.
As stated on its FY2025 Form 990.
Programs
Operated an educational institution organized as a public school academy. The academy provides education, at no cost to the parent, to students in kindergarten through eighth grade. The academy operates under a charter approved by the north carolina state board of education.
$7,056,197 spent$86,767 earned by the program97% of program spendingOperated a school food service program at the public school academy described above. The academy offers free or reduced lunch for families that qualify. Funding for this program was provided by the usda food and nutrition service in the amount of $168,020.
$251,884 spent$48,639 earned by the program3% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $7,308,081.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $3.5M to $820k (−77%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 96% · 2018 97% · 2019 97% · 2020 98% · 2021 99% · 2022 94% · 2023 91% · 2024 97% · 2025 98%. Grants only. Government contracts and fees sit inside program revenue.
98% of WAKE FOREST CHARTER ACADEMY’s revenue is contributions — more reliant on donations than three-quarters of its peers (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2020 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $124 → $3k.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 21% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of WAKE FOREST CHARTER ACADEMY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
WAKE FOREST CHARTER ACADEMY leans on a few funders — its largest provides 79% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2020 100% · 2021 100% · 2022 100% · 2023 94% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of WAKE FOREST CHARTER ACADEMY's grant income comes from North Carolina funders.
Funder states come from each funder’s own filing. $773 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
WAKE FOREST CHARTER ACADEMY's funding base is broadening — from 1 funders to 2 as grant income climbed.
this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025
Organizations like WAKE FOREST CHARTER ACADEMY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for WAKE FOREST CHARTER ACADEMY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds WAKE FOREST CHARTER ACADEMY?
- WAKE FOREST CHARTER ACADEMY (North Carolina) receives grants from 2 organizations whose IRS filings report $3,712 to it, the largest being WAKE ELECTRIC CARE INC ($2,939). 1 of them have funded it in more than one year.
- How many funders does WAKE FOREST CHARTER ACADEMY have?
- IRS filings report 2 organizations giving $3,712 in grants to WAKE FOREST CHARTER ACADEMY, 1 of which have funded it in more than one year.
- Who is the largest funder of WAKE FOREST CHARTER ACADEMY?
- WAKE ELECTRIC CARE INC is the largest funder on record, with $2,939 in grants. The full list of funders is on this page.
- How can an organization like WAKE FOREST CHARTER ACADEMY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Wake Forest Charter Academy →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing