Christian Academy of Knoxville Inc

Analysis

Christian Academy of Knoxville Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1978, 48 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, Christian Academy of Knoxville Inc reported income of $19.8m and spending of $18.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $19.8m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christian Academy of Knoxville Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Ohio Christian University ($19.8m), Iq Academy California-Los Angeles ($19.8m) and De Toledo High School ($19.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $686k (3.8% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $23.4m against liabilities of $5.4m, net assets of $17.9m. It reported 289 employees.