Childrens Academy on the Halifrax Inc

Analysis

Childrens Academy on the Halifrax Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in April 2015, 11 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 December 2023, Childrens Academy on the Halifrax Inc reported income of $1.2m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $618k to $1.2m (+101%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Academy on the Halifrax Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Bais Yaakov of Waterbury Inc ($1.2m), Cor Deo School ($1.2m) and Casa Montessori Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $81k (6.9% of expenses). Other salaries and wages came to $780k. At year end it held assets of $286k against liabilities of $14k, net assets of $272k. It reported 46 employees.