Texas New School Accelerator

Analysis

Texas New School Accelerator is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in February 2017, 9 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 June 2023, Texas New School Accelerator reported income of $1.4m and spending of $1.8m, spending 129% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $725k to $1.4m (+92%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas New School Accelerator 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 Desert Sage Educational Initiative ($1.4m), Morning Star Academy Association ($1.4m) and Pensacola Beach Elementary School Charter School ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $190k (11% of expenses). Other salaries and wages came to $729k. At year end it held assets of $58k against liabilities of $35k, net assets of $23k. It reported 28 employees.