Gaston Christian Schools Inc

Analysis

Gaston Christian Schools Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in September 1980, 46 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 2024, Gaston Christian Schools Inc reported income of $10.8m and spending of $11.4m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.3m to $10.8m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaston Christian Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Junior Achievement USA ($10.8m), St Francis Healthcare System of Hawaii ($10.8m) and Plumas Corporation ($10.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $215k (1.9% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $31.4m against liabilities of $22.8m, net assets of $8.6m. It reported 291 employees.