Way Christian Academy Inc

Analysis

Way Christian Academy Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Way Christian Academy Inc reported income of $777k and spending of $810k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $338k to $777k (+130%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 82%. 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, Way Christian Academy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Leadership Akron ($776k), Hill Country Educational Leadership ($777k) and Immanuel Cambodia ($776k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $47k (5.8% of expenses). Other salaries and wages came to $238k. At year end it held assets of $174k against liabilities of $4,175, net assets of $170k. It reported 15 employees.