Troy Christian Schools Inc

Analysis

Troy Christian Schools Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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, Troy Christian Schools Inc reported income of $8.8m and spending of $7.1m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $8.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Troy Christian Schools 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 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Save the Music Foundation ($8.8m), Sioux Empire United Way Inc ($8.8m) and San Francisco Housing Development Corporation ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $218k (3.1% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $9.8m against liabilities of $6.2m, net assets of $3.6m. It reported 217 employees.