Foundation for American Christian Education

Analysis

Foundation for American Christian Education is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for American Christian Education reported income of $562k and spending of $850k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $685k to $562k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for American Christian Education sits at the 69th percentile: it is larger than about 69% 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 Joseph J Mayer Education TR ($562k), Fathers Harbor Academy Inc ($562k) and Attleboro Scholarship Foundation ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $110k (13% of expenses). Other salaries and wages came to $302k. At year end it held assets of $4.1m against liabilities of $191k, net assets of $3.9m. It reported 15 employees.