Wake Christian Academy Inc

Analysis

Wake Christian Academy Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1966, 60 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, Wake Christian Academy Inc reported income of $11.2m and spending of $9.9m, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.7m to $11.2m (+46%), an average of +7.8% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wake Christian Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Monument Academy Inc ($11.2m), Assets School ($11.2m) and Central Indiana Military Academy ($11.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $193k (2.0% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $14.8m against liabilities of $188k, net assets of $14.6m. It reported 219 employees.