Liberty Christian Academy of Richlands 
The information on this page was last updated 11/7/2026. If you see errors or omissions, please email: [email protected]
Summary
Liberty Christian Academy is a private Christian Academy, dually accredited through Cognia and the Association of Christian Schools International (ACSI). LCA provides an opportunity for your child to learn in a safe environment rich in Christian values, technology, and hands-on learning.
Contact information
Mailing address:
Liberty Christian Academy
215 Kinston Hwy
Richlands, NC 28574
Website: liberty-academy.net
Phone: (910) 430-0741
Email: [email protected]
Organization details
EIN: 462975770
CEO/President: Cheryl Turner Cavanaugh
Chairman: Amy Rhodes
Board size: 7
Founder:
Ruling year: 2020
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
LCA's students are worldchangers who are empowered with the knowledge, compassion, and divine calling to impact their community, locally and globally. The campus permeates Biblical peace and is a reflection of God's Kingdom on earth.
Mission statement
LCA provides an opportunity for every student to excel in education in an environment centered on Christ and committed to excellence. We exist to be the leader in education and to provide a positive and challenging environment where children are given the opportunity to grow intellectually and spiritually. LCA's purpose is to support parents in the biblical mandate to "train up a child in the way he should go" (Proverbs 22:6).
Statement of faith
Scripture
We believe the Bible to be the inspired, the only infallible, authoritative, inerrant Word of God (2 Timothy 3:16, 2 Peter 1:21).
Salvation
Salvation is a free gift of God that is received by grace through faith in Jesus Christ and is for all who believe. Our ultimate goal is to provide opportunities for the student to confess Christ as Savior and Lord (Romans 10:9-10).
God, the Father
We believe there is one God, the Creator of heaven and earth, eternally existent in three persons - Father, Son, and Holy Spirit (Genesis 1:1, Matthew 28:19, John 10:30).
Jesus Christ
We believe in Jesus Christ, God's only Son (John 3:16), in the deity of Christ (John 10:30,33), His virgin birth (Isaiah 7:14, Matthew 1:23, Luke 1:35), His sinless life (Hebrews 4:15, Hebrews 7:26), His miracles (John 2:11), His vicarious and atoning death (1 Corinthians 15:3, Ephesians 1:7, Hebrews 2:9, 10:10), His resurrection on the third day (John 11:25, 1 Corinthians 15:4), His ascension to the right hand of the Father (Mark 16:19), and His personal return in power and glory (Acts 1:11, Revelation 19:11).
Holy Spirit
We believe in the absolute necessity of regeneration by the Holy Spirit for salvation because of the exceeding sinfulness of human nature; and that men are justified on the single ground of faith in the shed blood of Christ and that only by God's grace and through faith alone we are saved (John 3:16-19, John 5:24; Romans 3:23; Romans 5:8-9; Ephesians 2:8-10; Titus 3:5).
We believe in the resurrection of both the saved and the lost-the saved unto the resurrection of life and the lost unto the resurrection of condemnation (John 5:28-29); in the spiritual unity of believers in our Lord Jesus Christ (Romans 8:9, 1 Corinthians 12:12-13, Galatians 3:26-28); and in the present ministry of the Holy Spirit, whose indwelling enables the Christian to live a godly life (1 Corinthians 3:16, 6:19-20, Romans 8:13-14, Ephesians 4:30, 5:18).
Worldview
We believe in the Christian perspective on the total worldview. The spiritual must permeate all areas. We help the student develop a Christian worldview by integrating life, and all studies, with the Bible. (Colossians 1:15-17; 2 Peter 1:3)
Evangelism
We believe there is nothing more important than encouraging people to respond to the gospel of Jesus Christ. We believe the ultimate purpose in living is to know and glorify God and to attain eternal life through Jesus Christ our Lord, beginning within our own school families and then reaching beyond to the rest of the world that does not know of His love and sacrifice. (Matthew 28:18-2, Acts 1:8)
MARRIAGE AND SEXUALITY
We believe that marriage is the union of one man and one woman, as defined in Scripture (Genesis 2:18-25), and that God intends sexual intimacy only within this marriage (1 Corinthians 6:18, 7:2-5; Hebrews 13:4). We affirm that God created each person as male or female in accordance with their biological sex, and that these two distinct, complementary genders reflect His image and nature (Genesis 1:26-27).
Donor confidence score
Show donor confidence score details
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Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 204 of 1607 | 23 of 282 |
| Fund acquisition rating | | 12 of 1608 | 9 of 282 |
| Resource allocation rating | | 1158 of 1608 | 204 of 282 |
| Asset utilization rating | | 106 of 1607 | 9 of 282 |
According to the organization's Form 990, it received $3,408,948 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 0% | 1% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 1% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 12% | 63% | 52% | 46% | 44% | 36% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 88% | 37% | 48% | 54% | 56% | 64% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 78% | 82% | 83% | 84% | 82% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 85% | 100% | 101% | 88% | 87% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 66% | 82% | 83% | 74% | 72% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 15% | 0% | -1% | 12% | 13% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 36% | -1% | -1% | 28% | 34% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 22% | 18% | 17% | 16% | 18% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 1.96 | 2.35 | 2.09 | 1.77 | 1.76 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.19 | 3.60 | 208.16 | 54.90 | 15.34 | 21.33 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.04 | 7.04 | 489.80 | 114.70 | 27.09 | 37.60 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.44 | 1.71 | 0.02 | 0.10 | 0.44 | 0.32 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 30% | 4% | 16% | 12% | 15% | 24% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 4% | 16% | 11% | 15% | 23% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 114% | 49% | 36% | 42% | 48% | 43% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $662,250 | $7,682 | $30,007 | $114,678 | $66,049 |
| Receivables, inventories, prepaids | $0 | $717 | $717 | $717 | $717 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $662,250 | $8,399 | $30,724 | $115,395 | $66,766 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,594,295 | $1,573,889 | $1,490,322 | $1,404,373 | $1,107,155 |
| Other long-term assets | $126,344 | $166,023 | $165,607 | $250,126 | $250,051 |
| Total long-term assets | $1,720,639 | $1,739,912 | $1,655,929 | $1,654,499 | $1,357,206 |
| Total assets | $2,382,889 | $1,748,311 | $1,686,653 | $1,769,894 | $1,423,972 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $0 | $0 | $0 | $0 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $0 | $0 |
| Debt | $87,799 | $274,128 | $188,584 | $260,587 | $334,193 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $8,872 | $11,564 | $17,298 | $9,433 | $9,083 |
| Total long-term liabilities | $96,671 | $285,692 | $205,882 | $270,020 | $343,276 |
| Total liabilities | $96,671 | $285,692 | $205,882 | $270,020 | $343,276 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $2,286,218 | $1,462,619 | $1,480,771 | $1,499,874 | $1,080,696 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $2,286,218 | $1,462,619 | $1,480,771 | $1,499,874 | $1,080,696 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $3,436,613 | $2,109,671 | $1,628,678 | $1,573,121 | $1,048,816 |
| Program service revenue | $1,462,666 | $1,980,445 | $1,875,702 | $1,971,810 | $1,827,101 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $101,771 | $5,529 | $574 | $577 | $51 |
| Other revenue | $481,587 | $0 | $0 | $0 | $0 |
| Total other revenue | $2,046,024 | $1,985,974 | $1,876,276 | $1,972,387 | $1,827,152 |
| Total revenue | $5,482,637 | $4,095,645 | $3,504,954 | $3,545,508 | $2,875,968 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $3,613,764 | $3,360,668 | $2,923,408 | $2,624,636 | $2,062,720 |
| Management and general | $1,039,514 | $739,577 | $600,649 | $501,694 | $447,348 |
| Fundraising | $5,760 | $13,552 | $0 | $0 | $0 |
| Total expenses | $4,659,038 | $4,113,797 | $3,524,057 | $3,126,330 | $2,510,068 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $823,599 | ($18,152) | ($19,103) | $419,178 | $365,900 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $823,599 | ($18,152) | ($19,103) | $419,178 | $365,900 |
Compensation
| Name | Title | Compensation |
| Cheryl Cavanaugh | LCA Head of School | $65,135 |
| Toni Henderson | Bookkeeper | $23,200 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/7/2026. To update the information below, please email: [email protected]