Ft Caroline Baptist Academy Inc

Analysis

Ft Caroline Baptist Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ft Caroline Baptist Academy Inc reported income of $543k and spending of $516k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $396k to $543k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ft Caroline Baptist Academy Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Public Narrative ($543k), Three Hierarchs Academy Inc ($543k) and Alleghany Educational Foundation Inc ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $277k. At year end it held assets of $345k against liabilities of $4,727, net assets of $340k. It reported 29 employees.