Texas Academy 4

Analysis

Texas Academy 4 is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Texas Academy 4 reported income of $3.2m and spending of $3.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $704k to $3.2m (+353%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Academy 4 sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include United Way of Dane County Foundation Inc ($3.2m), Big Brothers Big Sisters of Coastal & Northern New Jersey Inc ($3.2m) and Lake Union Child Care ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $168k (5.5% of expenses). Other salaries and wages came to $1.8m. It paid $21k in professional fundraising fees. At year end it held assets of $476k against liabilities of $156k, net assets of $320k. It reported 79 employees.