Pamlico Christian Academy Inc

Analysis

Pamlico Christian Academy Inc is a registered charity in United States, based in Grantsboro, NC. It received its IRS tax-exemption ruling in November 2011, 15 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, Pamlico Christian Academy Inc reported income of $1.1m and spending of $1.2m, spending 101% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $816k to $1.1m (+40%), an average of +12% a year. The sharpest change came in the year to July 2021, when income rose by 50%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pamlico Christian Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Hope Initiatives CDC Incorporated ($1.1m), Montessori Private Academy Inc ($1.1m) and John Bremer & Ed Bremer Consolidated Trust ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 9.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $93k (8.0% of expenses). Other salaries and wages came to $646k. At year end it held assets of $715k against liabilities of $11k, net assets of $704k. It reported 43 employees.