Faith Christian School

Analysis

Faith Christian School is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in February 1994, 32 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, Faith Christian School reported income of $4.0m and spending of $3.5m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $4.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Christian School sits at the 90th percentile: it is larger than about 90% 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 Bishop Sheen Ecumenical Housing Foundation Inc ($4.0m), Gertrude B Nielsen Child Care and Learning Center ($4.0m) and Young Mens Christian Association ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $6.1m against liabilities of $656k, net assets of $5.4m. It reported 80 employees.