East Texas Advanced Academies

Analysis

East Texas Advanced Academies is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in June 2020, 6 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, East Texas Advanced Academies reported income of $33.4m and spending of $33.7m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.8m to $33.4m (+1081%), an average of +85% a year. The sharpest change came in the year to August 2020, when income rose by 1012%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Texas Advanced Academies sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Lighthouse Community Public Schools ($33.3m), Cleveland Institute of Music ($33.4m) and Millbrook School ($33.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $304k (0.9% of expenses). Other salaries and wages came to $67k. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$360k. It reported 7 employees.