Garrett Christian Academy Inc

Analysis

Garrett Christian Academy Inc is a registered charity in United States, based in Accident, MD. It received its IRS tax-exemption ruling in June 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 June 2024, Garrett Christian Academy Inc reported income of $1.1m and spending of $840k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $371k to $1.1m (+186%), an average of +69% a year. The sharpest change came in the year to June 2023, when income rose by 90%. 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, Garrett Christian Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Neuromatch Academy Inc ($1.1m), Kids Korner Preschool & Daycare ($1.1m) and Spirit Academy ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 61% of the total. Other salaries and wages came to $499k. At year end it held assets of $356k against liabilities of $42k, net assets of $314k.