Crossbar Academy

Analysis

Crossbar Academy is a registered charity in United States, based in Tomball, TX. It received its IRS tax-exemption ruling in October 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 July 2024, Crossbar Academy reported income of $1.3m and spending of $1.0m, leaving 22% of income unspent that year. Across the 5 years on record, from July 2019 to July 2024, income grew from $214k to $1.3m (+524%), an average of +58% a year. The sharpest change came in the year to July 2021, when income rose by 292%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crossbar Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include National Cued Speech Association Inc ($1.3m), Subiaco Foundation ($1.3m) and Friends of Utah Avalanche Fore Cast Center Inc ($1.3m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 8.3% and program service revenue 72% of the total. At year end it held assets of $2.8m against liabilities of $2.2m, net assets of $663k. It reported 14 employees.