Algoma Christian School

Analysis

Algoma Christian School is a registered charity in United States, based in Kent City, MI. It received its IRS tax-exemption ruling in May 1983, 43 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, Algoma Christian School reported income of $4.3m and spending of $3.1m, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $4.3m (+165%), an average of +38% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Algoma Christian School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Aed Foundation Inc ($4.3m), More Good Foundation ($4.3m) and Trinity Christian School Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $78k (2.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.6m against liabilities of $1.6m, net assets of $3.0m. It reported 132 employees.