Zarephath Academy Inc

Analysis

Zarephath Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Zarephath Academy Inc reported income of $1.8m and spending of $1.7m, spending 91% of its income. Across the 6 years on record, from December 2018 to June 2024, income grew from $859k to $1.8m (+114%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Zarephath Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Village Presbyterian Church Endowment Trust ($1.8m), Old Savannah City Mission Inc ($1.8m) and Lappin Foundation ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 103% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $274k against liabilities of $1.4m, net assets of -$1.1m. It reported 30 employees.