Palmyra Christian Academy

Analysis

Palmyra Christian Academy is a registered charity in United States, based in Palmyra, MO. It received its IRS tax-exemption ruling in February 2022, 4 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, Palmyra Christian Academy reported income of $206k and spending of $156k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $206k (+125%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmyra Christian Academy sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within MO. Charities of a similar size with the same main cause include Coleman Elementary School PTO ($206k), Be Humanitarian ($206k) and Ace Scholarship Foundation of New York Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $3,550 (2.3% of expenses). Other salaries and wages came to $104k. At year end it held assets of $76k against liabilities of $2,354, net assets of $73k. It reported 12 employees.