Texoma Christian School

Analysis

Texoma Christian School is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in September 1991, 35 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, Texoma Christian School reported income of $2.8m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.4m to $2.8m (+15%), an average of +3.6% a year. The sharpest change came in the year to July 2022, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texoma Christian School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Literacy West Ny Inc ($2.8m), Beulah Academy of Science Inc ($2.8m) and Crowder College Foundation Inc ($2.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $120k (4.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.7m against liabilities of $2.1m, net assets of $1.6m. It reported 88 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.