Southwestern Association of Episcopal Schools Inc

Analysis

Southwestern Association of Episcopal Schools Inc is a registered charity in United States, based in Canyon, TX. It received its IRS tax-exemption ruling in January 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southwestern Association of Episcopal Schools Inc reported income of $974k and spending of $717k, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $443k to $974k (+120%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 76%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwestern Association of Episcopal Schools Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Morgantown Learning Academy ($974k), Daniel Christian School ($974k) and Memphis Library Foundation ($973k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $247k (34% of expenses). Other salaries and wages came to $160k. At year end it held assets of $1.5m against liabilities of $259k, net assets of $1.2m. It reported 3 employees.