Etoile Academy Inc

Analysis

Etoile Academy Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Etoile Academy Inc reported income of $11.6m and spending of $8.9m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $837k to $11.6m (+1290%), an average of +93% a year. The sharpest change came in the year to June 2020, when income rose by 200%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Etoile Academy Inc 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 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Threefold Educational Foundation & School ($11.6m), Pueblo School for Arts and Sciences ($11.6m) and The Academy ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $176k (2.0% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $16.5m against liabilities of $11.9m, net assets of $4.6m. It reported 112 employees.