Faith Christian Academy

Analysis

Faith Christian Academy is a registered charity in United States, based in Hurt, VA. It received its IRS tax-exemption ruling in June 1989, 37 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 2024, Faith Christian Academy reported income of $1.3m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $903k to $1.3m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Christian Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Classical Christian Conservatory of Alexandria ($1.3m), North Tampa Christian Academy Explorers Inc ($1.3m) and Communities in Schools of the Big Country ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $679k. At year end it held assets of $2.9m against liabilities of $137k, net assets of $2.7m. It reported 55 employees.