Runnels Academy

Analysis

Runnels Academy is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in March 2019, 7 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 June 2022, Runnels Academy reported income of $1.0m and spending of $991k, spending 99% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $551k to $1.0m (+82%), an average of +35% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Runnels Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Beyond Autism Inc ($1.0m), South Shore Charter School ($1.0m) and Jackson Resource Center ($1.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $490k. At year end it held assets of $440k against liabilities of $0, net assets of $440k. It reported 20 employees.