Christ Academy

Analysis

Christ Academy is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in October 2002, 24 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 July 2024, Christ Academy reported income of $3.2m and spending of $3.4m, spending 105% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $2.7m to $3.2m (+22%), an average of +5.1% a year. The sharpest change came in the year to July 2024, when income rose by 33%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christ Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Library Association of LA Jolla ($3.2m), Cincinnati Center for Autism ($3.2m) and Boys Home Incorporated ($3.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 13% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $103k (3.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $15.6m against liabilities of $3.5m, net assets of $12.2m. It reported 74 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.