Erath Excels Academy Inc

Analysis

Erath Excels Academy Inc is a registered charity in United States, based in Stephenville, 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, Erath Excels Academy Inc reported income of $1.7m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 22%. 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, Erath Excels Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Goering Center for Family Private Business ($1.7m), Foothills Community Christian School Inc ($1.7m) and Fury Legacy Fund Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $61k (3.9% of expenses). Other salaries and wages came to $887k. At year end it held assets of $2.8m against liabilities of $1.2m, net assets of $1.5m. It reported 31 employees.