Friendship Christian School Inc

Analysis

Friendship Christian School Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in December 1977, 49 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 May 2023, Friendship Christian School Inc reported income of $10.8m and spending of $9.6m, spending 89% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $6.7m to $10.8m (+60%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 27%. 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, Friendship Christian School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Hillside School ($10.8m), Eastern Kentucky Univ Foundation Inc Giltner CRT 007 38 6206718 ($10.8m) and Marin Montessori School Inc ($10.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $506k (5.3% of expenses). Other salaries and wages came to $3.7m. It paid $11k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $2.8m, net assets of $7.0m. It reported 182 employees.