Harvest Christian Academy Inc

Analysis

Harvest Christian Academy Inc is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in February 2021, 5 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, Harvest Christian Academy Inc reported income of $4.7m and spending of $4.4m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.2m to $4.7m (+9.9%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harvest Christian Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include The Timpanogos Academy Foundation ($4.7m), West Valley Christian School Inc ($4.7m) and Ms Delta Academies ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $123k (2.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $5.0m against liabilities of $4.0m, net assets of $1.0m. It reported 200 employees.