Christian Academy

Analysis

Christian Academy is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in January 1995, 31 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, Christian Academy reported income of $4.3m and spending of $4.8m, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.3m to $4.3m (+84%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 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 93rd percentile within SC. Charities of a similar size with the same main cause include Challenge School Inc ($4.3m), Phase 4 Learning Center Inc ($4.3m) and National Sam Innovation Project Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $7.7m against liabilities of $2.4m, net assets of $5.2m. It reported 92 employees.