Banner Christian School Inc

Analysis

Banner Christian School Inc is a registered charity in United States, based in Chesterfield, VA. It received its IRS tax-exemption ruling in April 2003, 23 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, Banner Christian School Inc reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.5m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Banner Christian School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Arizona Center for Autism ($2.5m), Learning Lodge Academy Inc ($2.5m) and Tucson Hebrew Academy ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $95k (3.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.2m against liabilities of $2.8m, net assets of $4.4m. It reported 82 employees.