Waxahachie Preparatory Academy Ministries

Analysis

Waxahachie Preparatory Academy Ministries is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in July 2002, 24 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, Waxahachie Preparatory Academy Ministries reported income of $1.4m and spending of $1.1m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $855k to $1.4m (+65%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waxahachie Preparatory Academy Ministries 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 86th percentile within TX. Charities of a similar size with the same main cause include Torah Academy of Jacksonville Inc ($1.4m), Early Childhood Collective of Douglas County Inc ($1.4m) and Maplestone ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Other salaries and wages came to $715k. At year end it held assets of $1.3m against liabilities of $811k, net assets of $497k. It reported 43 employees.