Christian Faith Academy

Analysis

Christian Faith Academy is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in December 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, Christian Faith Academy reported income of $314k and spending of $306k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $140k to $314k (+125%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christian Faith Academy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Sac Arts Education ($314k), Wisconsin Association of School Council Inc ($314k) and KCBS Advance Academy Inc ($314k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Other salaries and wages came to $208k. At year end it held assets of $125k against liabilities of $28k, net assets of $97k. It reported 13 employees.