Saint Basil Academy Trust

Analysis

Saint Basil Academy Trust is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saint Basil Academy Trust reported income of $369k and spending of $459k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $369k (-80%), an average of -33% a year. The sharpest change came in the year to December 2021, when income rose by 470%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Basil Academy Trust sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Balloon Federation of America ($369k), Farmer to Farmer Inc ($369k) and St John Paul II Housing Inc ($368k).

Compensation of current officers, directors and key employees was $43k (9.4% of expenses). At year end it held assets of $7.9m against liabilities of $0, net assets of $7.9m.