San Antonio Believers Academy Inc

Analysis

San Antonio Believers Academy Inc is a registered charity in United States, based in Selma, TX. It received its IRS tax-exemption ruling in April 2008, 18 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 July 2023, San Antonio Believers Academy Inc reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $863k to $1.5m (+71%), an average of +14% a year. The sharpest change came in the year to July 2023, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Antonio Believers Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Teton Literacy Center ($1.5m), Three Rivers Charter School ($1.5m) and Alternative Educational Academy of Ogemaw County ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.8% and program service revenue 89% of the total. Other salaries and wages came to $963k. At year end it held assets of $232k against liabilities of $292k, net assets of -$59k. It reported 50 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.