Faith Fellowship Academy Inc

Analysis

Faith Fellowship Academy Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Faith Fellowship Academy Inc reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $964k to $1.1m (+14%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Fellowship Academy Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Alumni Association of the City ($1.1m), Views on Learning Inc ($1.1m) and Boylston Schul-Verein ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $113k (8.7% of expenses). Other salaries and wages came to $756k. At year end it held assets of $94k against liabilities of $8,545, net assets of $85k. It reported 32 employees.