Commonwealth Christian Academy Inc

Analysis

Commonwealth Christian Academy Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2006, 20 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, Commonwealth Christian Academy Inc reported income of $185k and spending of $215k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $280k to $185k (-34%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Commonwealth Christian Academy Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Seeqs Foundation ($185k), Samuel Clemens Band Boosters ($185k) and National Association of Corporate Directors ($185k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Other salaries and wages came to $139k. At year end it held assets of $54k against liabilities of $30k, net assets of $24k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.