Laconia Christian Academy Inc

Analysis

Laconia Christian Academy Inc is a registered charity in United States, based in Laconia, NH. It received its IRS tax-exemption ruling in July 2020, 6 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, Laconia Christian Academy Inc reported income of $1.7m and spending of $1.3m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $523k to $1.7m (+216%), an average of +47% a year. The sharpest change came in the year to June 2021, when income rose by 180%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laconia 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 NH. Charities of a similar size with the same main cause include Families in Action for Quality Education ($1.7m), Leaders in Tech Inc ($1.7m) and Nioga Library System ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $107k (8.2% of expenses). Other salaries and wages came to $781k. At year end it held assets of $943k against liabilities of $67k, net assets of $876k. It reported 37 employees.