Quick charity verification for Faith Christian Academy (EIN: 202973691)
Verdict: Faith Christian Academy appears trustworthy
85/100Mission Score
$316KRevenue
$32KAssets
1Red Flags
4Strengths
Red Flags
Relatively low asset base compared to annual revenue, with $62,817 in assets against $350,913 in revenue in 2024, suggesting limited financial reserves.
Strengths
Consistent revenue growth, increasing from $98,803 in 2015 to $350,913 in 2024.
0% officer compensation reported across all filings, indicating efficient use of funds for mission.
Significant reduction in liabilities from $483,344 in 2019 to $23,215 in 2024, demonstrating improved financial management.
Generally operates with a positive net income, covering expenses with revenue in most recent periods.
Spending Breakdown
How Faith Christian Academy allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Faith Christian Academy
Is Faith Christian Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith Christian Academy (EIN: 202973691) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Faith Christian Academy a good charity to donate to?
Faith Christian Academy has a Mission Score of 85/100. Revenue: $316K. Assets: $32K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Faith Christian Academy?
The Employer Identification Number (EIN) for Faith Christian Academy is 202973691. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Faith Christian Academy spend its money?
Faith Christian Academy allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Faith Christian Academy's tax-exempt status?
You can verify Faith Christian Academy's tax-exempt status using EIN 202973691 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Faith Christian Academy demonstrates a consistent pattern of growth in revenue and expenses over the past several years, with revenue increasing from $98,803 in 2015 to $350,913 in 2024. The organization generally operates with a positive net income, as seen in 2024 where revenue exceeded expenses by $27,000. However, the organization's assets remain relatively low compared to its revenue, with $62,817 in assets against $350,913 in revenue in 2024, suggesting limited reserves or significant investment in current operations.
The financial health appears stable, with a trend of increasing operational scale. The organization has consistently reported 0% officer compensation, which is a strong indicator of efficient use of funds for its mission rather than executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the absence of officer compensation suggests a lean operational structure. The significant liabilities in earlier years (e.g., $483,344 in 2019) have been substantially reduced to $23,215 by 2024, indicating improved financial management and debt reduction.
Overall, Faith Christian Academy appears to be a financially stable and growing organization with a strong commitment to minimizing executive overhead. Its ability to significantly reduce liabilities while expanding operations points to effective financial stewardship. Further analysis of detailed expense categories would provide a more complete picture of spending efficiency.