Foundations Christian Academy Inc

Analysis

Foundations Christian Academy Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Foundations Christian Academy Inc reported income of $639k and spending of $575k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $416k to $639k (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundations Christian Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Mid-State Technical College Foundation Inc ($639k), New American Development Center ($639k) and Waimea Country School ($639k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $426k. At year end it held assets of $369k against liabilities of $0, net assets of $369k.