Faith Christian Academy

Analysis

Faith Christian Academy is a registered charity in United States, based in Wilmot, OH. It received its IRS tax-exemption ruling in September 1993, 33 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, Faith Christian Academy reported income of $573k and spending of $612k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $205k to $573k (+179%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 190%. 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, Faith Christian Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Springtown Lions Club Inc ($573k), Idaho Inferno Soccer Club Inc ($573k) and Greater Rochester Community Health Foundation ($573k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 63% of the total. Other salaries and wages came to $349k. At year end it held assets of $1.4m against liabilities of $14k, net assets of $1.4m. It reported 31 employees.