United Faith Christian Academy

Analysis

United Faith Christian Academy is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 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, United Faith Christian Academy reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.1m to $2.0m (-2.5%), an average of -0.6% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, United Faith Christian Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Association of University Programs in Health Administration ($2.0m), Cumorah Academy ($2.0m) and Oxford Day Academy ($2.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.1m against liabilities of $2.2m, net assets of $913k. It reported 64 employees.