The Woodlands Christian Academy

Analysis

The Woodlands Christian Academy is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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, The Woodlands Christian Academy reported income of $29.8m and spending of $24.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.1m to $29.8m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Woodlands Christian Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Islamic Food and Nutriton Council of America ($29.8m), New England College of Optometry ($29.9m) and Quality Insights Inc ($29.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $674k (2.8% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $52.9m against liabilities of $16.9m, net assets of $35.9m. It reported 270 employees.