Vanguard Academy

Analysis

Vanguard Academy is a registered charity in United States, based in Edinburg, TX. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Vanguard Academy reported income of $86.4m and spending of $90.6m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $45.9m to $86.4m (+88%), an average of +17% a year. The sharpest change came in the year to August 2021, when income rose by 29%. 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, Vanguard Academy sits at the 99th percentile: it is larger than about 99% of them. 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 Milton Academy ($86.2m), University of Saint Joseph ($86.5m) and Doane University ($86.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $631k (0.7% of expenses). Other salaries and wages came to $53.7m. At year end it held assets of $94.7m against liabilities of $52.9m, net assets of $41.8m. It reported 1,290 employees.