Fresta Valley Christian School Ltd

Analysis

Fresta Valley Christian School Ltd is a registered charity in United States, based in Marshall, VA. It received its IRS tax-exemption ruling in January 1983, 43 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 June 2023, Fresta Valley Christian School Ltd reported income of $2.3m and spending of $1.9m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.3m (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fresta Valley Christian School Ltd sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include The Perry Institute for Marine Science Inc ($2.3m), Independence Center Inc ($2.3m) and West Virginia Humanities Council Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $118k (6.4% of expenses). Other salaries and wages came to $867k. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m. It reported 68 employees.