United Christian Academy Foundation

Analysis

United Christian Academy Foundation is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Christian Academy Foundation reported income of $6.6m and spending of $460k, leaving 93% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $568k to $6.6m (+1067%), an average of +1067% a year. The sharpest change came in the year to June 2023, when income rose by 1067%. Over the whole period it spent 6.7% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, United Christian Academy Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Highland Prep ($6.6m), Southern Arkansas University Foundation Inc ($6.6m) and Schoolhouse World Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $77k (17% of expenses). Other salaries and wages came to $45k. It paid $133k in professional fundraising fees. At year end it held assets of $15.7m against liabilities of $9.0m, net assets of $6.7m. It reported 2 employees.