Hickory Christian Academy

Analysis

Hickory Christian Academy is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in April 1997, 29 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, Hickory Christian Academy reported income of $4.5m and spending of $4.0m, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.9m to $4.5m (+58%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hickory Christian Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Contra Costa Jewish Day School ($4.5m), Atlas Preparatory Academy ($4.5m) and Bentonville Child Care and Development Center Inc ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $2.5m (64% of expenses). At year end it held assets of $8.4m against liabilities of $3.0m, net assets of $5.4m. It reported 107 employees.