Farmers Christian Academy Inc

Analysis

Farmers Christian Academy Inc is a registered charity in United States, based in Morehead, KY. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2023, Farmers Christian Academy Inc reported income of $160k and spending of $156k, spending 97% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $107k to $160k (+49%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Farmers Christian Academy Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within KY. Charities of a similar size with the same main cause include Granite City High School Band Parents Association ($160k), Kingston College Old Boys Association of Florida Inc ($160k) and Oklahoma Single Parent Scholarship Program ($160k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 86% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.