Homestead Christian Academy Inc

Analysis

Homestead Christian Academy Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in January 2012, 14 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 December 2023, Homestead Christian Academy Inc reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $741k to $1.2m (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homestead Christian Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Project Discovery Inc ($1.2m), Akiba Yavneh Foundation ($1.2m) and South Carolina Independent School Association Incorporated ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $155k (13% of expenses). Other salaries and wages came to $397k. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $637k. It reported 17 employees.