Denton Calvary Academy

Analysis

Denton Calvary Academy is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in August 1999, 27 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 May 2023, Denton Calvary Academy reported income of $4.8m and spending of $2.5m, leaving 48% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $2.6m to $4.8m (+88%), an average of +24% a year. The sharpest change came in the year to May 2023, when income rose by 108%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Denton Calvary Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Delta Delta Delta Foundation ($4.8m), Wasatch Peak Academy Inc ($4.8m) and Indian Hills Community College Foundation ($4.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $6.3m against liabilities of $129k, net assets of $6.2m. It reported 78 employees.