Pungo Christian Academy Inc

Analysis

Pungo Christian Academy Inc is a registered charity in United States, based in Belhaven, NC. It received its IRS tax-exemption ruling in February 1984, 42 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 May 2024, Pungo Christian Academy Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.4m to $1.8m (+34%), an average of +7.5% a year. The sharpest change came in the year to May 2023, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pungo Christian Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Milagre Kids School Inc ($1.8m), Hutchinson Community College Endowment Association ($1.8m) and South Carolina Governors School for Sci & Math Foundation Inc ($1.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 10.0% and program service revenue 84% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $976k against liabilities of $404k, net assets of $572k. It reported 40 employees.