San Antonio Academy of Texas

Analysis

San Antonio Academy of Texas is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 1960, 66 years ago. 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 May 2023, San Antonio Academy of Texas reported income of $12.2m and spending of $12.3m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $12.2m to $12.2m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to May 2020, when income rose by 92%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Antonio Academy of Texas sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Orange Housing Development Corporation ($12.2m), Asian American Drug Abuse Program Inc ($12.2m) and Rocky Hill Country Day School ($12.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 21% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $620k (5.0% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $49.2m against liabilities of $3.9m, net assets of $45.3m. It reported 220 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.