Mid-Atlantic Christian University Inc

Analysis

Mid-Atlantic Christian University Inc is a registered charity in United States, based in Elizabeth Cty, NC. It received its IRS tax-exemption ruling in April 1977, 49 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, Mid-Atlantic Christian University Inc reported income of $4.7m and spending of $5.8m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $4.7m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mid-Atlantic Christian University Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Chandler School Boosters Inc ($4.7m), Visible Music College ($4.7m) and Independent Day School Incorporated ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $359k (6.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $9.7m against liabilities of $5.5m, net assets of $4.2m. It reported 131 employees.