Impact Christian Academy Inc

Analysis

Impact Christian Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 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, Impact Christian Academy Inc reported income of $2.5m and spending of $3.1m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.5m (+35%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact Christian Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include University of Florida Development Corporation ($2.5m), Pagosa Peak Open School ($2.5m) and Breakthrough New York Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $75k (2.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $792k against liabilities of $3.6m, net assets of -$2.8m. It reported 55 employees.