Prevailing Faith Christian Academy

Analysis

Prevailing Faith Christian Academy is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in March 2019, 7 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 2023, Prevailing Faith Christian Academy reported income of $700k and spending of $947k, spending 135% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $677k to $700k (+3.4%), an average of +1.1% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prevailing Faith Christian Academy 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 74th percentile within LA. Charities of a similar size with the same main cause include Community Christian School of Richmond Indiana Inc ($700k), Greater Beckley Christian Schools Inc ($700k) and Desert Sage School ($700k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (10.0% of expenses). Other salaries and wages came to $431k. At year end it held assets of $64k against liabilities of $550k, net assets of -$486k.

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.