Foundations Christian Academy

Analysis

Foundations Christian Academy is a registered charity in United States, based in Ham Lake, MN. 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 2023, Foundations Christian Academy reported income of $580k and spending of $544k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $236k to $580k (+146%), an average of +146% a year. The sharpest change came in the year to June 2023, when income rose by 146%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundations Christian Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include American Foundation for Pharmaceutical Education ($580k), Be Unique Academy Prep Inc ($580k) and Project Bike Tech ($580k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $236k (43% of expenses). Other salaries and wages came to $8,161. At year end it held assets of $393k against liabilities of $186k, net assets of $207k. It reported 6 employees.