Ferris Christian Academy

Analysis

Ferris Christian Academy is a registered charity in United States, based in Ferris, TX. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ferris Christian Academy reported income of $1.1m and spending of $990k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $805k to $1.1m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ferris Christian Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Leap Innovations ($1.1m), Community Living and Supportive Services ($1.1m) and Faith Child Care Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Other salaries and wages came to $487k. At year end it held assets of $812k against liabilities of $0, net assets of $812k. It reported 37 employees.