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Filing year 2024

FAITH ACADEMY INC

Lake City, Florida·EIN 27-2493620·NTEE B21 · Education·3
Total revenue
$121k
Total assets
$19k
Total expenses
$140k
Reported officers
1
Mission

PRIVATE SCHOOL

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Florida.

Director
Board Member
10th to 25th percentile
$12k
$13k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FAITH ACADEMY INC equaled 8% of the organization's total expenses. The median for education organizations is 6%.

This organization (2024)
8%
Sector median
6%
Middle half of sector
2% to 15%

Based on 24,392 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Fell 6%
over 2 years

From $13k in 2022 to $12k in 2024.

$13k
2022
$14k
2023
$12k
2024
In today's dollarsEst.
Down 13% in real terms$14k to $13k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 6% from 2022 to 2024, while revenue fell 15%.

$13k in 2022 to $12k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FAITH ACADEMY INC

What does the Board Member of FAITH ACADEMY INC earn?

In 2024, the Board Member of FAITH ACADEMY INC received $11,850 in total compensation. This pay is in the bottom quarter for Board Member roles among Education organizations in Florida, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at FAITH ACADEMY INC compare with similar nonprofits?

Compared with the same role at Education organizations in Florida, the 2024 pay of the Board Member at FAITH ACADEMY INC falls between the 10th and 25th percentiles. In 2024, the highest total compensation at FAITH ACADEMY INC equaled 8% of the organization's total expenses. The median for education organizations is 6%.

What are FAITH ACADEMY INC's revenue and expenses?

In 2024, FAITH ACADEMY INC reported $121k in total revenue and $140k in total expenses on its IRS Form 990.

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