Wake Christian Academy
Legal name: Wake Christian Academy Inc
Nonprofit profile at a glance
- EIN
- 560862396
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Raleigh, NC, USA
- Phone
- (919) 772-6264
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
- Affiliation
- Christianity
Reported finances
- Revenue
- $17,212,690
- Expenses
- $10,498,920
- Assets
- $22,423,287
- Liabilities
- $2,387,943
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Highest reported compensation
- WILLIAM M WOODS (EXECUTIVE SE): $174,778 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wake Christian Academy’s mission is to partner with the Christian home and the church to provide a Christ-centered, quality education and to proclaim the good news of Jesus Christ. Founded in 1966, Wake Christian Academy offers a Christ-centered education for students in private kindergarten, elementary, middle, and high school. As a leading private school in Raleigh, NC, our mission and vision are woven into every lesson, activity, and relationship, guiding how we teach, lead, and support our students and families. When you join Wake Christian Academy, you’re becoming part of a community that values strong academics, spiritual growth, and lasting connections — all designed to prepare your child for a life of purpose and faith. Our Mission at Wake Christian.
What it reported doing in 2024
Wake christian academy, inc. An educational institution, provided quality, christ-centered education for students in the wake county/raleigh area (kindergarten through grade 12). The enrollment for the year was 936 as of september 1, 2024.
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 80
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.2%; rating input score 43
- Program expense ratio: 72.5%; rating input score 73
- Fundraising efficiency: $63.57 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 39%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 2.14; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: 6.4% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 8.7% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 60th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 43.2% of revenue deployed · 72.5% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7.6M in reported program spending
- Leadership: top reported pay $175K · 11 people listed · 1 of 6 pay-setting controls reported
- Consistency: 35 of 35 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.