Cedars Academy

Analysis

Cedars Academy is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 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 August 2023, Cedars Academy reported income of $8.0m and spending of $8.2m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.9m to $8.0m (+34%), an average of +7.6% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cedars Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include St Petersburg College Foundation Inc ($8.0m), Welch College ($8.0m) and Arts Academy Elementary Charter School Inc ($8.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $148k (1.8% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $4.8m against liabilities of $3.0m, net assets of $1.8m. It reported 113 employees.