Hillsborough Christian Academy Inc

Analysis

Hillsborough Christian Academy Inc is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in July 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, Hillsborough Christian Academy Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $1.0m (+237%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hillsborough Christian Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include 3l Place Inc ($1.0m), The Actors Gymnasium Inc ($1.0m) and Adams 14 Education Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $627k. At year end it held assets of $250k against liabilities of $104k, net assets of $146k. It reported 35 employees.