Lake City Christian Academy Inc

Analysis

Lake City Christian Academy Inc is a registered charity in United States, based in Lake City, FL. It received its IRS tax-exemption ruling in January 1998, 28 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 December 2023, Lake City Christian Academy Inc reported income of $2.3m and spending of $2.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 26%. 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, Lake City Christian Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Herkimer County Community College Housing Authority ($2.3m), Community-Campus Partnerships for Health ($2.3m) and Northern Nevada Literacy Council ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $167k (7.5% of expenses). Other salaries and wages came to $742k. At year end it held assets of $1.4m against liabilities of $67k, net assets of $1.4m. It reported 58 employees.