Providence Christian Academy Inc

Analysis

Providence Christian Academy Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in February 1998, 28 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, Providence Christian Academy Inc reported income of $13.7m and spending of $12.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.1m to $13.7m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to June 2020, when income dropped by 44%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Christian Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include NC State Engineering Foundation Inc ($13.7m), Asian and Pacific Islander American Scholarship Fund ($13.7m) and Vermont Student Development Fund Inc ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $208k (1.7% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $36.3m against liabilities of $21.3m, net assets of $15.0m. It reported 210 employees.