Candlelight Christian Academy Inc

Analysis

Candlelight Christian Academy Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in September 2003, 23 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, Candlelight Christian Academy Inc reported income of $1.5m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Candlelight Christian Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($1.5m), Woodside High School Foundation ($1.5m) and Arizona Leads ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $46k (3.2% of expenses). Other salaries and wages came to $724k. At year end it held assets of $892k against liabilities of $437k, net assets of $455k. It reported 36 employees.