Oaks Christian Academy

Analysis

Oaks Christian Academy is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in June 2020, 6 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 June 2024, Oaks Christian Academy reported income of $1.0m and spending of $1.0m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $242k to $1.0m (+317%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oaks Christian Academy sits at the 76th percentile: it is larger than about 76% 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 Seflin Southeast Florida Library Information Network Inc ($1.0m), Kidz Choice School Inc ($1.0m) and The New Center for Psychoanalysis ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $40k (3.9% of expenses). Other salaries and wages came to $896k. At year end it held assets of $24k against liabilities of $166k, net assets of -$142k. It reported 75 employees.