Asheville Christian Academy Inc

Analysis

Asheville Christian Academy Inc is a registered charity in United States, based in Swannanoa, NC. It received its IRS tax-exemption ruling in January 1968, 58 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 2023, Asheville Christian Academy Inc reported income of $14.6m and spending of $12.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $14.6m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asheville Christian Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Pee Dee Medical & Health Sciences Education Consortium ($14.6m), Olivet University ($14.6m) and The Friends of King School ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $293k (2.4% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $23.1m against liabilities of $4.7m, net assets of $18.4m. It reported 228 employees.