Bradenton Christian School Society Inc

Analysis

Bradenton Christian School Society Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in June 1972, 54 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, Bradenton Christian School Society Inc reported income of $12.8m and spending of $12.2m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $25.8m to $12.8m (-50%), an average of -16% a year. The sharpest change came in the year to July 2021, when income rose by 60%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bradenton Christian School Society Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Bethesda Home of Aberdeen Inc ($12.8m), Heartway Corporation ($12.8m) and Healing Place Inc ($12.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $144k (1.2% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $34.4m against liabilities of $2.0m, net assets of $32.4m. It reported 229 employees.