Binghampton Christian Academy

Analysis

Binghampton Christian Academy is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1994, 32 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, Binghampton Christian Academy reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.7m (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Binghampton Christian Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Far Conservatory of Therapeutic and Performing Arts ($1.7m), Ballet Hawaii ($1.7m) and Tejara ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $67k (4.5% of expenses). Other salaries and wages came to $676k. At year end it held assets of $4.3m against liabilities of $2,429, net assets of $4.3m. It reported 32 employees.