Basis Texas Charter Schools Inc

Analysis

Basis Texas Charter Schools Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Basis Texas Charter Schools Inc reported income of $57.5m and spending of $56.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.2m to $57.5m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Basis Texas Charter Schools Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Cabrillo Point Academy ($57.4m), Central Methodist University ($57.5m) and Enoch Pratt Free Library of Baltimore City ($57.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $239k (0.4% of expenses). Other salaries and wages came to $24.6m. At year end it held assets of $226.3m against liabilities of $215.9m, net assets of $10.4m. It reported 2 employees.