Lake Norman Christian School

Analysis

Lake Norman Christian School is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in October 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 2023, Lake Norman Christian School reported income of $1.4m and spending of $1.6m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Norman Christian School sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Sunfield Education Association ($1.4m), Wimberley Valley Watershed Assoc Inc ($1.4m) and West Fallowfield Christian School ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $18k (1.1% of expenses). Other salaries and wages came to $784k. At year end it held assets of $196k against liabilities of $194k, net assets of $2,173. It reported 39 employees.