Palmetto Christian Academy of Gaffn

Analysis

Palmetto Christian Academy of Gaffn is a registered charity in United States, based in Gaffney, SC. It received its IRS tax-exemption ruling in August 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, Palmetto Christian Academy of Gaffn reported income of $1.1m and spending of $918k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $476k to $1.1m (+132%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmetto Christian Academy of Gaffn sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Making Community Connections Charter School ($1.1m), Knight Hall School and Child Care Center Inc ($1.1m) and Community Christian School of Baraboo Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $497k. At year end it held assets of $283k against liabilities of $54k, net assets of $229k. It reported 22 employees.