Atlantic Christian Academy of the Palm Beaches Inc

Analysis

Atlantic Christian Academy of the Palm Beaches Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in April 2016, 10 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, Atlantic Christian Academy of the Palm Beaches Inc reported income of $10.4m and spending of $9.6m, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $5.1m to $10.4m (+104%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlantic Christian Academy of the Palm Beaches Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include American University of Armenia Corporation ($10.4m), Community Education Alliance of West Philadelphia ($10.4m) and Point Loma Nazarene University Foundation ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $254k (2.6% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $11.2m against liabilities of $8.5m, net assets of $2.7m. It reported 160 employees.