Central Texas Summit Christian School System Inc

Analysis

Central Texas Summit Christian School System Inc is a registered charity in United States, based in Cedar Park, TX. It received its IRS tax-exemption ruling in February 1994, 32 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 July 2023, Central Texas Summit Christian School System Inc reported income of $3.6m and spending of $3.9m, spending 107% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.2m to $3.6m (+13%), an average of +3.1% a year. The sharpest change came in the year to July 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Texas Summit Christian School System Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Prairie Home Hospice Inc ($3.6m), Maro Employment and Training Association ($3.7m) and Boy Scouts of America ($3.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $203k (5.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.7m against liabilities of $1.7m, net assets of $3.0m. It reported 74 employees.