Faith Christian Academy

Analysis

Faith Christian Academy is a registered charity in United States, based in Quakertown, PA. It received its IRS tax-exemption ruling in October 2007, 19 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 2024, Faith Christian Academy reported income of $13.0m and spending of $11.5m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.3m to $13.0m (+202%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 86% 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 sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include St Johns Community Services - Tennessee ($13.0m), Lead Charter Schools ($13.0m) and Native Forward Scholars Fund ($13.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $290k (2.5% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $15.5m against liabilities of $7.0m, net assets of $8.5m. It reported 175 employees.