Central Virginia Christian School Corporation

Analysis

Central Virginia Christian School Corporation is a registered charity in United States, based in Dillwyn, VA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Central Virginia Christian School Corporation reported income of $980k and spending of $911k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $812k to $980k (+21%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Virginia Christian School Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Student Services Inc ($980k), Gloria Dei Academy ($980k) and Vine School ($980k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $57k (6.3% of expenses). Other salaries and wages came to $516k. At year end it held assets of $1.5m against liabilities of $82k, net assets of $1.4m.