Haywood Christian Academy Inc

Analysis

Haywood Christian Academy Inc is a registered charity in United States, based in Waynesville, NC. It received its IRS tax-exemption ruling in November 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 June 2024, Haywood Christian Academy Inc reported income of $1.4m and spending of $1.3m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.0m to $1.4m (+33%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. 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, Haywood Christian Academy Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Alpha Phi Omega National Service Fraternity ($1.4m), Providence Extension Ministries Inc ($1.4m) and Questech Learning ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.3% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $81k (6.2% of expenses). Other salaries and wages came to $666k. At year end it held assets of $3.6m against liabilities of $432k, net assets of $3.2m. It reported 44 employees.