Greenwood Christian Academy Inc

Analysis

Greenwood Christian Academy Inc is a registered charity in United States, based in Greenwood, IN. It received its IRS tax-exemption ruling in March 2000, 26 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 June 2023, Greenwood Christian Academy Inc reported income of $8.1m and spending of $7.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $8.1m (+107%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwood Christian Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Hayward Twin Oaks Montessori School ($8.1m), Grayson School ($8.1m) and Glen Urquhart School Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $129k (1.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $7.7m against liabilities of $3.7m, net assets of $4.0m. It reported 153 employees.