Liberty Christian Academy of Sarasota Inc

Analysis

Liberty Christian Academy of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 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, Liberty Christian Academy of Sarasota Inc reported income of $488k and spending of $429k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $227k to $488k (+115%), an average of +115% a year. The sharpest change came in the year to June 2024, when income rose by 115%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liberty Christian Academy of Sarasota 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 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Fannie Lou Hamer Cancer Foundation ($488k), Hillsboro Schools Foundation ($489k) and Nome Pre-School Association Inc ($488k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $50k (12% of expenses). Other salaries and wages came to $269k. At year end it held assets of $167k against liabilities of $3,120, net assets of $164k. It reported 9 employees.