Faustina Academy

Analysis

Faustina Academy is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in December 2003, 23 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, Faustina Academy reported income of $1.2m and spending of $1.3m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.2m (+16%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 23%. 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, Faustina Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Alliance for Green Heat ($1.2m), Waldorf School of Bend ($1.2m) and The Childrens Scholarship Fund of Pennsylvania ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $72k (5.7% of expenses). Other salaries and wages came to $738k. At year end it held assets of $1.6m against liabilities of $266k, net assets of $1.3m. It reported 28 employees.