Hamilton Christian Academy Inc

Analysis

Hamilton Christian Academy Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in September 1991, 35 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, Hamilton Christian Academy Inc reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.5m to $3.5m (+131%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 192%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hamilton Christian Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Takodah Young Mens Christian Association ($3.5m), Special Needs Schools of Gwinnett Inc ($3.5m) and Community Coordinated Child Care of Union County Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $72k (2.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $778k, net assets of $1.3m. It reported 70 employees.