Harrells Christian Academy Inc

Analysis

Harrells Christian Academy Inc is a registered charity in United States, based in Harrells, NC. It received its IRS tax-exemption ruling in September 1971, 55 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, Harrells Christian Academy Inc reported income of $6.3m and spending of $5.2m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $6.3m (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harrells Christian Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include The Fletcher Academy School of Achievement Inc ($6.3m), Onward We Learn ($6.3m) and Calibre Academy Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $114k (2.2% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.9m against liabilities of $778k, net assets of $6.1m. It reported 86 employees.