Ankeny Christian Academy

Analysis

Ankeny Christian Academy is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in August 1994, 32 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, Ankeny Christian Academy reported income of $4.8m and spending of $4.1m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.8m (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ankeny Christian Academy 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 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include New Mexico Primary Medical Care ($4.8m), Kennett Library ($4.8m) and Florida International University Academic Health Center Health Care ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $98k (2.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.0m against liabilities of $1.6m, net assets of $4.4m. It reported 124 employees.