Living Word Christian Academy and Daycare Inc

Analysis

Living Word Christian Academy and Daycare Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in October 2004, 22 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 December 2023, Living Word Christian Academy and Daycare Inc reported income of $727k and spending of $823k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $484k to $727k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Word Christian Academy and Daycare Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Cement Masons Apprenticeship and Training Fund ($727k), Nurses MC ($727k) and Grant Christian School ($727k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $54k (6.6% of expenses). Other salaries and wages came to $366k. At year end it held assets of $396k against liabilities of $90k, net assets of $306k. It reported 26 employees.