Atlantic Shores Christian School

Analysis

Atlantic Shores Christian School is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in December 1996, 30 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, Atlantic Shores Christian School reported income of $10.3m and spending of $9.4m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.4m to $10.3m (+39%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlantic Shores Christian School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Charter-Tech High School for the Performing Arts Inc ($10.3m), French Camp Academy ($10.3m) and Cheder Toras Zev ($10.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $224k (2.4% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $18.6m against liabilities of $10.9m, net assets of $7.7m. It reported 271 employees.