Trimont Christian Academy

Analysis

Trimont Christian Academy is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in June 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 2023, Trimont Christian Academy reported income of $948k and spending of $1.3m, spending 135% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $944k to $948k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trimont 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 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Applied Research Foundation of West Virginia ($948k), Hands & Voices Inc ($949k) and Providence Preparatory Academy ($948k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $55k (4.3% of expenses). Other salaries and wages came to $681k. It paid $25k in professional fundraising fees. At year end it held assets of $964k against liabilities of $23k, net assets of $941k. It reported 54 employees.