Aletheia Christian Private School Inc

Analysis

Aletheia Christian Private School Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in June 1993, 33 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 July 2023, Aletheia Christian Private School Inc reported income of $3.6m and spending of $2.6m, leaving 27% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.7m to $3.6m (+115%), an average of +29% a year. The sharpest change came in the year to July 2023, when income rose by 57%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aletheia Christian Private School Inc 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 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Georgia Infirmary Inc ($3.6m), Daystar Foundation and Library Inc ($3.6m) and Foundation for Senior Citizens Incorporated ($3.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.2m against liabilities of $224k, net assets of $3.0m. It reported 70 employees.