Carolina Christian Academy

Analysis

Carolina Christian Academy is a registered charity in United States, based in Thomasville, NC. It received its IRS tax-exemption ruling in February 2007, 19 years ago. 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, Carolina Christian Academy reported income of $841k and spending of $808k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $289k to $841k (+191%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carolina Christian Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Association of School Business Officials International ($841k), Weymouth Council for the Hungry James J Dowd ($841k) and Asbestos Workers Education & Training Fund ($841k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 35% of the total. Other salaries and wages came to $367k. At year end it held assets of $522k against liabilities of $281k, net assets of $241k. It reported 29 employees.