X Academy

Analysis

X Academy is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, X Academy reported income of $117k and spending of $125k, spending 107% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $65k to $117k (+79%), an average of +79% a year. The sharpest change came in the year to June 2024, when income rose by 79%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, X Academy sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Connecticut Academy for the Arts ($117k), Parents Association Gen K Pulaski School ($117k) and ZCS Transportation Inc ($117k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $6,537 against liabilities of $0, net assets of $6,537.