Promise Christian Academy

Analysis

Promise Christian Academy is a registered charity in United States, based in Chesterfield, MO. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Promise Christian Academy reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.3m to $1.3m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to July 2022, when income dropped by 22%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Promise Christian Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include SC Future Makers ($1.3m), Mohave County Association for Retar Ded Citizens Inc ($1.3m) and Beyond Expectations Academy Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $566k. At year end it held assets of $6.2m against liabilities of $389k, net assets of $5.8m.