Freedom Christian Academy Inc

Analysis

Freedom Christian Academy Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in June 2010, 16 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 June 2023, Freedom Christian Academy Inc reported income of $6.0m and spending of $5.2m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $6.0m (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freedom Christian Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Highland Community School Inc ($6.0m), Girl Scouts of Central Illinois Inc ($6.0m) and Community News Foundation ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 78% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $9.4m against liabilities of $9.7m, net assets of -$335k. It reported 178 employees.