Homestead Christian Academy Inc
Homestead Christian Academy Inc shows strong revenue and asset growth, but also increasing liabilities, with no reported officer compensation.
EIN: 203615366 · Homestead, FL · NTEE: B21 · Updated: 2026-03-28
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Identity resolved verified
Homestead Christian Academy Inc is mapped to EIN 203615366.
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12 stored filing years available.
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80% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $637K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Homestead Christian Academy Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Homestead Christian Academy Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Homestead Christian Academy Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $1.2M and expenses of $1.2M.
Revenue and Expenses
Homestead Christian Academy Inc reported $1.2M in revenue and $1.2M in expenses, a surplus of $43K.
Executive Compensation
Top officer compensation appears as $1.2 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Homestead Christian Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $928K (80%) |
Across stored filings, Homestead Christian Academy Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Education context |
Trust Check
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Homestead, FL nonprofitsEducation in Florida
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Homestead Christian Academy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homestead Christian Academy Inc
Homestead Christian Academy Inc (EIN: 203615366) is a nonprofit organization based in Homestead, FL, classified under NTEE code B21. The organization reported total revenue of $1.0M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homestead Christian Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homestead Christian Academy Inc is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$43K |
| Total Assets | $1.8M |
| Total Liabilities | $1.2M |
| Net Assets | $637K |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 65.3% |
| Months of Reserves | 19.0 months |
Financial Health Grade: A
In 2023, Homestead Christian Academy Inc reported a surplus of $43K with revenue exceeding expenses, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 65.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Homestead Christian Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.0% | +12.1% | -1.2% |
| 2022 | -13.4% | +25.6% | -6.2% |
| 2021 | +12.8% | +12.6% | +181.9% |
| 2020 | +26.0% | +9.4% | +140.0% |
| 2019 | +13.2% | -13.9% | +35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Homestead Christian Academy Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Homestead Christian Academy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a strong commitment to directing all financial resources towards the academy's operational and programmatic needs, which is highly favorable for an organization of its size with over $1.2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Homestead Christian Academy Inc's IRS 990 filings:
- Significant increase in liabilities over time, reaching $1,201,374 in 2023, which warrants further investigation into their nature and repayment capacity.
Strengths
The following positive indicators were identified for Homestead Christian Academy Inc:
- Consistent and strong revenue growth over the past decade, from $573,926 in 2014 to $1,203,350 in 2023.
- Substantial asset growth, increasing from $82,599 in 2014 to $1,838,706 in 2023.
- 0% reported officer compensation across all filings, indicating a strong commitment to mission-focused spending.
- Positive net assets, with assets exceeding liabilities in most recent filings (e.g., $1,838,706 assets vs. $1,201,374 liabilities in 2023).
- Consistent IRS 990 filing history, demonstrating good compliance and transparency.
Frequently Asked Questions about Homestead Christian Academy Inc
Is Homestead Christian Academy Inc a legitimate charity?
Homestead Christian Academy Inc (EIN: 203615366) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Homestead Christian Academy Inc spend its money?
Homestead Christian Academy Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Homestead Christian Academy Inc tax-deductible?
Homestead Christian Academy Inc is registered as a tax-exempt nonprofit (EIN: 203615366). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Homestead Christian Academy Inc CEO make?
Homestead Christian Academy Inc's highest-compensated officer earns $1.2 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Homestead Christian Academy Inc's spending goes to programs?
Homestead Christian Academy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homestead Christian Academy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Homestead Christian Academy Inc is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homestead Christian Academy Inc located?
Homestead Christian Academy Inc is headquartered in Homestead, Florida and files with the IRS under EIN 203615366. It is classified under NTEE code B21.
How many years of IRS 990 filings does Homestead Christian Academy Inc have?
Homestead Christian Academy Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Is Homestead Christian Academy Inc financially stable?
Yes, the academy appears financially stable, demonstrating consistent revenue growth from $573,926 in 2014 to $1,203,350 in 2023, and a significant increase in assets to $1,838,706 in 2023. While liabilities have also increased, the overall trend shows growth and positive net assets.
How does Homestead Christian Academy Inc manage executive compensation?
Homestead Christian Academy Inc reports 0% officer compensation across all available filings, indicating that no officers received salaries or other compensation from the organization. This is a strong indicator of financial prudence and dedication to mission.
What is the trend in the organization's assets and liabilities?
The organization has seen substantial asset growth, from $82,599 in 2014 to $1,838,706 in 2023. Concurrently, liabilities have also increased significantly, from $0 in 2014 to $1,201,374 in 2023, suggesting that asset expansion may be partly financed by debt or other obligations.
Is the organization growing?
Yes, Homestead Christian Academy Inc is growing. Its revenue has more than doubled over the past decade, from $573,926 in 2014 to $1,203,350 in 2023, and its assets have grown even more dramatically, from $82,599 to $1,838,706 in the same period.
Filing History
IRS 990 filing history for Homestead Christian Academy Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Homestead Christian Academy Inc's revenue has grown by 113%, moving from $565K to $1.2M. Total assets increased by 3151.4% over the same period, from $57K to $1.8M. Total functional expenses rose by 123.9%, from $518K to $1.2M. In its most recent filing year (2023), Homestead Christian Academy Inc reported a surplus of $43K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $1.8M in assets (debt-to-asset ratio: 65.3%), resulting in net assets of $637K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $1.8M | $1.2M | — | — |
| 2022 | $912K | $1.0M | $1.9M | $1.3M | — | — |
| 2021 | $1.1M | $824K | $2.0M | $1.3M | — | View 990 |
| 2020 | $933K | $732K | $704K | $215K | — | View 990 |
| 2019 | $741K | $669K | $293K | $6K | — | View 990 |
| 2018 | $654K | $777K | $216K | $0 | — | View 990 |
| 2017 | $625K | $624K | $338K | $0 | — | View 990 |
| 2016 | $669K | $562K | $338K | $0 | — | View 990 |
| 2015 | $690K | $542K | $231K | $0 | — | View 990 |
| 2014 | $574K | $577K | $83K | $0 | — | View 990 |
| 2013 | $519K | $481K | $85K | $0 | — | View 990 |
| 2012 | $565K | $518K | $57K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $1.8M (revenue +32.0% year-over-year).
- 2022: Revenue of $912K, expenses of $1.0M, and assets of $1.9M (revenue -13.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $824K, and assets of $2.0M (revenue +12.8% year-over-year).
- 2020: Revenue of $933K, expenses of $732K, and assets of $704K (revenue +26.0% year-over-year).
- 2019: Revenue of $741K, expenses of $669K, and assets of $293K (revenue +13.2% year-over-year).
- 2018: Revenue of $654K, expenses of $777K, and assets of $216K (revenue +4.7% year-over-year).
- 2017: Revenue of $625K, expenses of $624K, and assets of $338K (revenue -6.6% year-over-year).
- 2016: Revenue of $669K, expenses of $562K, and assets of $338K (revenue -3.1% year-over-year).
- 2015: Revenue of $690K, expenses of $542K, and assets of $231K (revenue +20.3% year-over-year).
- 2014: Revenue of $574K, expenses of $577K, and assets of $83K (revenue +10.5% year-over-year).
- 2013: Revenue of $519K, expenses of $481K, and assets of $85K (revenue -8.1% year-over-year).
- 2012: Revenue of $565K, expenses of $518K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homestead Christian Academy Inc:
Data Sources and Methodology
This transparency report for Homestead Christian Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.