Cresconova Academy Inc

Analysis

Cresconova Academy Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cresconova Academy Inc reported income of $385k and spending of $383k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $385k (+133%), an average of +132% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cresconova Academy Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Parent-Faculty Club of Chaparral School Inc ($385k), Tillery Christian Academy Inc ($385k) and Meaningful Milestones Academy Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,455 against liabilities of $3,202, net assets of $5,253.