Halifax Academy a Christian School Inc

Analysis

Halifax Academy a Christian School Inc is a registered charity in United States, based in Roanoke Rapid, NC. It received its IRS tax-exemption ruling in May 1969, 57 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, Halifax Academy a Christian School Inc reported income of $2.4m and spending of $2.1m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.4m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Halifax Academy a Christian School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Powell Butte Community Charter School ($2.4m), Rock County Christian School Assoc Inc ($2.4m) and Huber Heights Preparatory Academy ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $86k (4.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.6m against liabilities of $180k, net assets of $2.4m. It reported 71 employees.