Christel House Academy Inc

Analysis

Christel House Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2002, 24 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 June 2023, Christel House Academy Inc reported income of $28.8m and spending of $27.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.7m to $28.8m (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christel House Academy Inc 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 98th percentile within IN. Charities of a similar size with the same main cause include Saga Innovations ($28.8m), Gordon Conwell Theological Seminary Inc ($28.8m) and Houston Gateway Academy Inc ($28.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $490k (1.8% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $30.1m against liabilities of $12.6m, net assets of $17.4m. It reported 335 employees.