Christian Light Academy Inc

Analysis

Christian Light Academy Inc is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. 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 July 2023, Christian Light Academy Inc reported income of $479k and spending of $416k, spending 87% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $283k to $479k (+69%), an average of +19% a year. The sharpest change came in the year to July 2022, when income rose by 43%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Light Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Friends of Scicon ($479k), North Carolinians for Home Education ($479k) and Southeastern Climbers Coalition Inc ($479k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $87k (21% of expenses). Other salaries and wages came to $241k. At year end it held assets of $92k against liabilities of $0, net assets of $92k.