Academy of Careers & Technologies Inc

Analysis

Academy of Careers & Technologies Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 2002, 24 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, Academy of Careers & Technologies Inc reported income of $309k and spending of $225k, leaving 27% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $344k to $309k (-10%), an average of -2.6% a year. The sharpest change came in the year to August 2021, when income rose by 184%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Careers & Technologies Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Friends of the Burlington Public Library Foundation ($309k), Trojan Booster Club Inc ($309k) and Pomegranate Schools ($309k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $2.5m against liabilities of $711k, net assets of $1.8m. It reported 3 employees.