BEducationEIN: 852067737· Ruling Year: 2021

Faith Academy Charter School Inc

Faith, North Carolina

BHealth Score
64B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 73 peers in Education with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.25×
Peer Median9.48×
💰
$9.1M
Total Revenue
📊
$8.8M
Total Expenses
🏦
$2.2M
Net Assets
📋
$28.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+36.9%
Year-over-year change (2023 → 2024)
Net Margin
+3.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.25
Net assets divided by total expenses
Liabilities-to-Assets
92.7%
Total liabilities as % of total assets

Filing History

3 filings on record
YearRevenueExpensesAssets
2024$9,133,78637%$8,810,32460%$30,461,1671501%
2023$6,672,23834%$5,518,48030%$1,902,899151%
2022$4,976,073$4,228,879$759,115

Frequently Asked Questions

What does Faith Academy Charter School Inc do?

Faith Academy Charter School Inc is a education nonprofit organization based in North Carolina. It is classified under NTEE code B20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Faith Academy Charter School Inc financially healthy?

Based on our 9-metric Financial Health Score model, Faith Academy Charter School Inc has a score of 64/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Faith Academy Charter School Inc generate?

Faith Academy Charter School Inc reports $11.8M in annual revenue and holds $26.0M in total assets, based on IRS filings.

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