Faith Christian Academy Inc

Analysis

Faith Christian Academy Inc is a registered charity in United States, based in McLeansville, NC. It received its IRS tax-exemption ruling in December 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 2024, Faith Christian Academy Inc reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $731k to $1.4m (+95%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Christian Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include University Rathskeller Inc ($1.4m), East Lake Academy Inc ($1.4m) and Akron Area Electrical Joint Apprenticeship Training Trust Fund ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $796k. At year end it held assets of $197k against liabilities of $135k, net assets of $63k. It reported 49 employees.