Rapid City Christian Education Association Inc

Analysis

Rapid City Christian Education Association Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in April 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, Rapid City Christian Education Association Inc reported income of $5.0m and spending of $4.0m, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $5.0m (+122%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rapid City Christian Education Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within SD. Charities of a similar size with the same main cause include MBX Foundation ($5.0m), RGR Industries Inc ($5.0m) and Memphis College Preparatory School ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $78k (2.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $10.5m against liabilities of $1.4m, net assets of $9.0m. It reported 111 employees.