Is Homestead Christian Academy Inc Legit?

Homestead Christian Academy Inc demonstrates a generally stable financial position with consistent revenue growth over the past decade, increasing from $573,926 in 2014 to $1,203,350 in 2023. The organization has also significantly grown its assets, from $82,599 in 2014 to $1,838,706 in 2023, indicating substantial expansion. However, a notable increase in liabilities, reaching $1,201,374 in 2023, suggests reliance on debt or other obligations to finance this growth, which warrants closer examination. Spending efficiency appears reasonable, with expenses generally tracking revenue. For instance, in 2023, expenses were $1,160,222 against revenues of $1,203,350, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive sign for donor confidence. The NTEE code B21 (Elementary & Secondary Education) aligns with the organization's name, suggesting a clear program focus. While the financial data provides a good overview, the absence of detailed functional expense breakdowns (program, administrative, fundraising) in the provided summary limits a precise assessment of spending efficiency. The organization's consistent filing history and the reported 0% officer compensation contribute positively to its transparency profile. However, understanding the nature of the increasing liabilities would further enhance the transparency assessment.