Frankfort Christian Academy Inc

Analysis

Frankfort Christian Academy Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in January 1996, 30 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 July 2023, Frankfort Christian Academy Inc reported income of $4.1m and spending of $2.8m, leaving 31% of income unspent that year. Across the 6 years on record, from May 2019 to July 2023, income grew from $1.9m to $4.1m (+109%), an average of +16% a year. The sharpest change came in the year to July 2020, when income rose by 1000%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frankfort Christian Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Doral College Inc ($4.1m), Lake Champlain Waldorf School ($4.1m) and Briarwood Academy Inc ($4.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.6% and program service revenue 58% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $5.6m against liabilities of $2.2m, net assets of $3.3m. It reported 83 employees.