Chesapeake Christian Academy

Analysis

Chesapeake Christian Academy is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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 March 2024, Chesapeake Christian Academy reported income of $552k and spending of $738k, spending 134% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $530k to $552k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to March 2022, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chesapeake Christian Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Petal School District Education Foundation Trust Inc ($552k), Kent County Parks Foundation ($552k) and The Bellingham Public School Foundation ($552k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $147k (20% of expenses). Other salaries and wages came to $411k. At year end it held assets of $847k against liabilities of $133k, net assets of $714k. It reported 33 employees.