New Beginnings Christian Academy Inc

Analysis

New Beginnings Christian Academy Inc is a registered charity in United States, based in Elizabethtown, KY. It received its IRS tax-exemption ruling in July 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 December 2023, New Beginnings Christian Academy Inc reported income of $1.6m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $748k to $1.6m (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Beginnings 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 84th percentile within KY. Charities of a similar size with the same main cause include City School Inc ($1.6m), Montessori School of Cheyenne ($1.6m) and North American Transportation Management Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Other salaries and wages came to $674k. At year end it held assets of $1.5m against liabilities of $114k, net assets of $1.4m. It reported 34 employees.