CSCharityScored
85

Norfolk Academy

Education · Norfolk, Virginia

1585 Wesleyan Dr, Norfolk, VA 23502-5512

EIN: 540551901· Founded: Sep 1946· 80 years active· Filing Year: 2023

Annual Revenue

$33.1M

Total Expenses

$37.1M

Total Assets

$163.0M

Program Spending

73%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$1.0M

2.8% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$15.5M

Total Payroll

$16.6M

45% of total expenses

Where the Money Goes

73%
Programs: 73%
Payroll: 45%
Other overhead: 27%
Program Revenue$27.2M (82%)
Total Expenses$37.1M (100%)
Payroll$16.6M (45%)
Overhead (non-program)27%

Trust Score Breakdown

Program Spending Ratio

73% of expenses go to programs

40%

Revenue & Stability

$33.1M annual revenue

15%

Executive Compensation

$1.0M total officer comp (2.8% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$163.0M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.