Foundation Christian Academy Inc

Analysis

Foundation Christian Academy Inc is a registered charity in United States, based in Valrico, FL. It received its IRS tax-exemption ruling in December 2004, 22 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 July 2023, Foundation Christian Academy Inc reported income of $4.1m and spending of $3.2m, leaving 21% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.9m to $4.1m (+40%), an average of +8.9% a year. The sharpest change came in the year to July 2022, when income rose by 28%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation Christian 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 Faith Academy of Bellville ($4.1m), Ohio Collegiate Academy ($4.1m) and Washington Christian School Society Inc ($4.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $7.7m against liabilities of $969k, net assets of $6.8m. It reported 64 employees.