Christian Academy of Louisville Foundation Inc

Analysis

Christian Academy of Louisville Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Christian Academy of Louisville Foundation Inc reported income of $1.0m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.0m (-34%), an average of -9.7% a year. The sharpest change came in the year to June 2020, when income dropped by 52%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Christian Academy of Louisville Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Cadillac Area Community Foundation ($1.0m), Dismas Charities Foundation Inc ($1.0m) and The Bridge Fund ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $3.2m against liabilities of $317k, net assets of $2.9m.