Is Christian Academy Of Madison Inc Legit?

Christian Academy Of Madison Inc has demonstrated a pattern of increasing revenue and assets over the past several years, indicating growth and improving financial health. In the 202312 period, revenue reached $1,105,846 against expenses of $966,502, resulting in a surplus that contributed to a significant increase in assets to $252,828. This positive trend is a marked improvement from earlier periods where expenses often exceeded revenue, such as in 201512 when expenses were $676,119 against revenue of $640,958. The organization's spending efficiency appears to be strong, with a consistent focus on program delivery. The absence of reported officer compensation across all available filings suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. However, the liabilities in the 202312 period were $1,379, which is relatively low compared to assets, indicating good financial management. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities. Overall, Christian Academy Of Madison Inc appears to be a financially stable and growing organization. The consistent increase in assets and revenue, coupled with no reported officer compensation, suggests a lean operational model focused on its mission. The organization's financial health has significantly improved, moving from periods of deficit to consistent surpluses, allowing for asset accumulation.