Way Christian Academy

Analysis

Way Christian Academy is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in March 2020, 6 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 2021, Way Christian Academy reported income of $202k and spending of $190k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $34k to $202k (+500%), an average of +145% a year. The sharpest change came in the year to December 2020, when income rose by 172%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Way Christian Academy sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Millville Thunderbolt Club ($202k), Portland Activities & Athletics League ($202k) and Beverly a Lidonde Education Corporation ($202k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $138k. At year end it held assets of $40k against liabilities of $12k, net assets of $28k. It reported 8 employees.