Canaan Christian Academy Inc

Analysis

Canaan Christian Academy Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in June 2017, 9 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 December 2023, Canaan Christian Academy Inc reported income of $401k and spending of $28k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $236k to $401k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canaan Christian Academy Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Olmsted County Agricultural Association ($401k), Redeemer Classical School Inc ($401k) and Life Foundation Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.