Faith Christian Academy of Waynesboro Incorporated

Analysis

Faith Christian Academy of Waynesboro Incorporated is a registered charity in United States, based in Waynesboro, GA. It received its IRS tax-exemption ruling in April 2008, 18 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 July 2023, Faith Christian Academy of Waynesboro Incorporated reported income of $829k and spending of $610k, leaving 26% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $701k to $829k (+18%), an average of +5.7% a year. The sharpest change came in the year to July 2023, when income rose by 31%. 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, Faith Christian Academy of Waynesboro Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Rural Health Projects Inc ($829k), BSK Theological Seminary Inc ($829k) and Humanitae Advisors ($829k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 5.1% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $39k (6.5% of expenses). Other salaries and wages came to $335k. At year end it held assets of $1.1m against liabilities of $475k, net assets of $587k. It reported 36 employees.