New Life Christian Academy

Analysis

New Life Christian Academy is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in February 2015, 11 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 May 2024, New Life Christian Academy reported income of $1.4m and spending of $1.2m, spending 84% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.0m to $1.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to May 2021, when income rose by 21%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Life Christian Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Cornerstone Academy and Ministries Inc ($1.4m), Three Rivers Manufacturers Assoc ($1.4m) and Tarkio College ($1.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $37k (3.1% of expenses). Other salaries and wages came to $670k. At year end it held assets of $2.0m against liabilities of $539k, net assets of $1.5m. It reported 43 employees.