Abilene Classical Academy

Analysis

Abilene Classical Academy is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in October 2021, 5 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 May 2024, Abilene Classical Academy reported income of $516k and spending of $418k, spending 81% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $216k to $516k (+139%), an average of +54% a year. The sharpest change came in the year to May 2024, when income rose by 58%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abilene Classical Academy sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Greater Dalton Chamber Foundation Inc ($516k), Kiddy Karrousal Inc ($516k) and Hudson Family Foundation ($516k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $63k (15% of expenses). Other salaries and wages came to $250k. At year end it held assets of $290k against liabilities of $70k, net assets of $220k. It reported 21 employees.