Riverside Christian Academy Inc

Analysis

Riverside Christian Academy Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in May 2019, 7 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, Riverside Christian Academy Inc reported income of $1.1m and spending of $937k, spending 84% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $785k to $1.1m (+42%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 64%. 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, Riverside Christian Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Centralia Christian School Foundation ($1.1m), Filomen M Dagostino Greenberg Music School Inc ($1.1m) and We Need Diverse Books ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 95% of the total. Other salaries and wages came to $528k. At year end it held assets of $800k against liabilities of $326k, net assets of $474k. It reported 41 employees.