Faith Christian Academy Inc

Analysis

Faith Christian Academy Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in March 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 Inc reported income of $2.6m and spending of $2.5m, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $891k to $2.6m (+192%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 93% 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 Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include Empowered Aging ($2.6m), Country Radio Broadcasters Inc ($2.6m) and Partners for a Healthier Community Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $160k (6.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.2m against liabilities of $543k, net assets of $652k. It reported 112 employees.