Katy Classical Academy

Analysis

Katy Classical Academy is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in May 2015, 11 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, Katy Classical Academy reported income of $836k and spending of $782k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $516k to $836k (+62%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Katy Classical Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Excellence in Education Foundation for PGCPS Inc ($836k), Alberta Bible College ($836k) and Grace Outreach ($836k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 77% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.