Evolution Academy

Analysis

Evolution Academy is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Evolution Academy reported income of $7.7m and spending of $8.1m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.2m to $7.7m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to August 2021, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Evolution Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Oceanside Library ($7.7m), Ralston College Inc ($7.7m) and Reading League ($7.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $189k (2.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $14.8m against liabilities of $13.0m, net assets of $1.8m. It reported 75 employees.