Laguna Madre Christian Academy

Analysis

Laguna Madre Christian Academy is a registered charity in United States, based in Laguna Vista, TX. It received its IRS tax-exemption ruling in May 1998, 28 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 2022, Laguna Madre Christian Academy reported income of $267k and spending of $251k, spending 94% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $213k to $267k (+26%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laguna Madre Christian Academy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Love Chloe Foundation ($267k), Cre Analyst Scholarship Fund Inc ($267k) and Lovett Elementary Parent Teacher Organization ($267k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $22k (8.8% of expenses). Other salaries and wages came to $137k. At year end it held assets of $91k against liabilities of $0, net assets of $91k. It reported 11 employees.