Hernando Christian Private Academy Inc

Analysis

Hernando Christian Private Academy Inc is a registered charity in United States, based in Brooksville, FL. It received its IRS tax-exemption ruling in December 1982, 44 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, Hernando Christian Private Academy Inc reported income of $4.3m and spending of $3.6m, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $4.3m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hernando Christian Private Academy Inc 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 FL. Charities of a similar size with the same main cause include Vanguard Music and Performing Arts ($4.3m), Arapahoe County Early Childhood Council ($4.3m) and Thomas Sumter Academy Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $86k (2.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.3m against liabilities of $748k, net assets of $3.6m. It reported 99 employees.