Jubilee Academic Center Inc

Analysis

Jubilee Academic Center Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 2000, 26 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 2023, Jubilee Academic Center Inc reported income of $94.4m and spending of $94.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $61.8m to $94.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jubilee Academic Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include University of Mount Union ($94.4m), Millikin University ($94.5m) and Washington College ($94.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $2.4m (2.5% of expenses). Other salaries and wages came to $51.3m. At year end it held assets of $186.3m against liabilities of $161.4m, net assets of $24.9m. It reported 1,504 employees.