Coram Deo Academy Inc

Analysis

Coram Deo Academy Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in October 1998, 28 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 June 2023, Coram Deo Academy Inc reported income of $17.0m and spending of $15.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $17.0m (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coram Deo Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Boyd - Buchanan School ($17.0m), Columbia Academy School ($17.0m) and Bradford Preparatory School ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $136k (0.9% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $36.7m against liabilities of $27.3m, net assets of $9.4m. It reported 382 employees.