Academy Funding of Bastrop

Analysis

Academy Funding of Bastrop is a registered charity in United States, based in Bastrop, TX. It received its IRS tax-exemption ruling in May 2007, 19 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 December 2023, Academy Funding of Bastrop reported income of $183k and spending of $54k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $183k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy Funding of Bastrop sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Immanuel Christian Academy Inc ($183k), Mary Mahoney Professional Nurses Organization ($183k) and Mentors & Meals ($183k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $14k (27% of expenses). Other salaries and wages came to $785. At year end it held assets of $986k against liabilities of $336k, net assets of $650k. It reported 2 employees.