Christ the King Christian Academy

Analysis

Christ the King Christian Academy is a registered charity in United States, based in New London, NC. It received its IRS tax-exemption ruling in December 1996, 30 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 May 2024, Christ the King Christian Academy reported income of $301k and spending of $325k, spending 108% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $218k to $301k (+38%), an average of +6.6% a year. The sharpest change came in the year to May 2021, when income rose by 76%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christ the King Christian Academy sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Edvisions Schools Inc ($300k), The Parent-Teacher Association of the Clinton School for Writers and ($301k) and Iiaa Education Foundation ($300k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 6.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $17k (5.2% of expenses). Other salaries and wages came to $158k. At year end it held assets of $593k against liabilities of $352k, net assets of $241k. It reported 15 employees.