Hart 2 Hart Christian Academy Inc

Analysis

Hart 2 Hart Christian Academy Inc is a registered charity in United States, based in Lake City, FL. It received its IRS tax-exemption ruling in September 2017, 9 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 2024, Hart 2 Hart Christian Academy Inc reported income of $1.6m and spending of $1.6m, spending 105% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $579k to $1.6m (+171%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hart 2 Hart 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 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Delta Chi Educational Foundation Inc ($1.6m), Ellison Ballet Foundation Inc ($1.6m) and Network Charter School ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $144k (8.7% of expenses). Other salaries and wages came to $663k. At year end it held assets of $1.3m against liabilities of $1.7m, net assets of -$454k. It reported 39 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.