Draw Academy Incorporated

Analysis

Draw Academy Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2001, 25 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 August 2023, Draw Academy Incorporated reported income of $10.8m and spending of $10.7m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.7m to $10.8m (+63%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Draw Academy Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Union Colony School ($10.8m), Iowa Association for the Education of Young Children Inc ($10.8m) and Access College Foundation ($10.8m).

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 $271k (2.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $9.5m against liabilities of $6.1m, net assets of $3.4m. It reported 104 employees.