Annapolis Christian Academy

Analysis

Annapolis Christian Academy is a registered charity in United States, based in Corpus Christi, TX. It received its IRS tax-exemption ruling in December 1996, 30 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, Annapolis Christian Academy reported income of $4.4m and spending of $3.6m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.4m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Annapolis Christian Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Eagle School of Madison Inc ($4.4m), Butler Community College Foundation ($4.4m) and Living Stones Academy ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $133k (3.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $359k against liabilities of $112k, net assets of $247k. It reported 85 employees.