Faith Academy of Marble Falls

Analysis

Faith Academy of Marble Falls is a registered charity in United States, based in Marble Falls, TX. It received its IRS tax-exemption ruling in March 1999, 27 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 May 2023, Faith Academy of Marble Falls reported income of $3.4m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.3m to $3.4m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to May 2022, when income rose by 32%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Academy of Marble Falls sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Northwestern Regional Library ($3.4m), Reading Assist Institute ($3.4m) and Spring Valley School Foundation ($3.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $8.7m against liabilities of $2.1m, net assets of $6.7m. It reported 99 employees.