Spicewood Christian Academy

Analysis

Spicewood Christian Academy is a registered charity in United States, based in Spicewood, TX. It received its IRS tax-exemption ruling in June 2022, 4 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 2023, Spicewood Christian Academy reported income of $402k and spending of $353k, spending 88% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $362k to $402k (+11%), an average of +11% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spicewood Christian Academy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Heartland Institute for Financial Education ($402k), Due West Robotics ($402k) and Literacy Outreach ($402k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 43% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $500 (0.1% of expenses). Other salaries and wages came to $162k. At year end it held assets of $137k against liabilities of $42k, net assets of $95k. It reported 16 employees.