Wake Christian Academy 
The information on this page was last updated 10/6/2026. If you see errors or omissions, please email: [email protected]
Summary
At Wake Christian Academy, we're more than a school - we're a family rooted in faith and committed to excellence. From our rigorous academics, to our extracurricular activities and spiritual growth opportunities, everything we do reflects our mission to equip students to impact the world for Christ.
Contact information
Mailing address:
Wake Christian Academy
5500 Wake Academy Drive
Raleigh, NC 27603
Website: wakechristianacademy.com
Phone: (919) 772-6264
Email: [email protected]
Organization details
EIN: 560862396
CEO/President: Mike Woods
Chairman: Mark Swicegood
Board size: 11
Founder:
Ruling year: 1966
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
The vision of Wake Christian Academy is to emphasize the preeminence of Christ in life and learning. (Colossians 1:18)
Mission statement
Wake Christian Academy exists to partner with Christian homes and Bible-believing churches by providing a Christ-centered education and proclaiming the Gospel of Jesus Christ, equipping students to impact their world for Jesus Christ.
Statement of faith
https://wakechristianacademy.com/about-us/confession-of-faith/
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
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 | | 569 of 1582 | 108 of 271 |
| Fund acquisition rating | | 43 of 1583 | 31 of 271 |
| Resource allocation rating | | 1251 of 1583 | 219 of 271 |
| Asset utilization rating | | 751 of 1583 | 127 of 271 |
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% | 2% | 9% | 5% | 12% | 9% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 1% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 12% | 35% | 7% | 11% | 7% | 7% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 1% | 1% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 88% | 65% | 93% | 89% | 93% | 93% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 73% | 72% | 72% | 71% | 67% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 61% | 88% | 88% | 88% | 82% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 44% | 63% | 63% | 62% | 55% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 39% | 12% | 12% | 12% | 18% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 34% | 9% | 9% | 9% | 14% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 27% | 28% | 28% | 28% | 32% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 0.47 | 0.67 | 0.66 | 0.67 | 0.63 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.13 | 1.39 | 1.61 | 1.63 | 1.62 | 1.73 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.98 | 0.65 | 1.07 | 1.07 | 1.09 | 1.08 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 6.74 | 0.00 | 0.00 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.53 | 15.66 | 11.18 | 11.17 | 11.02 | 11.07 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 30% | 11% | 1% | 2% | 1% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 116% | 191% | 148% | 148% | 147% | 158% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $6,296,036 | $4,800,928 | $4,596,622 | $7,322,776 | $6,400,425 |
| Receivables, inventories, prepaids | $3,478,965 | $0 | $11,008 | $11,008 | $0 |
| Short-term investments | $6,314,184 | $4,391,336 | $3,759,011 | $196,547 | $21,726 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $16,089,185 | $9,192,264 | $8,366,641 | $7,530,331 | $6,422,151 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $6,334,102 | $5,530,612 | $5,143,546 | $4,595,051 | $4,650,000 |
| Other long-term assets | $0 | $81,238 | $87,241 | $45,804 | $29,996 |
| Total long-term assets | $6,334,102 | $5,611,850 | $5,230,787 | $4,640,855 | $4,679,996 |
| Total assets | $22,423,287 | $14,804,114 | $13,597,428 | $12,171,186 | $11,102,147 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $667,112 | $0 | $0 | $0 | $0 |
| Other current liabilities | $1,720,831 | $0 | $0 | $0 | $0 |
| Total current liabilities | $2,387,943 | $0 | $0 | $0 | $0 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $187,848 | $301,920 | $83,617 | $125,864 |
| Total long-term liabilities | $0 | $187,848 | $301,920 | $83,617 | $125,864 |
| Total liabilities | $2,387,943 | $187,848 | $301,920 | $83,617 | $125,864 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $13,271,292 | $14,364,334 | $13,215,008 | $12,007,069 | $10,895,783 |
| With donor restrictions | $6,764,052 | $251,932 | $80,500 | $80,500 | $80,500 |
| Net assets | $20,035,344 | $14,616,266 | $13,295,508 | $12,087,569 | $10,976,283 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $5,944,405 | $824,780 | $1,108,646 | $608,327 | $570,880 |
| Program service revenue | $10,810,301 | $10,050,453 | $9,136,546 | $8,664,123 | $7,143,199 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $407,928 | $272,896 | ($87,676) | ($20,141) | $42,222 |
| Other revenue | $50,056 | $41,290 | $41,147 | $56,558 | $698,270 |
| Total other revenue | $11,268,285 | $10,364,639 | $9,090,017 | $8,700,540 | $7,883,691 |
| Total revenue | $17,212,690 | $11,189,419 | $10,198,663 | $9,308,867 | $8,454,571 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $7,616,494 | $7,073,746 | $6,446,134 | $5,805,062 | $4,669,151 |
| Management and general | $2,788,914 | $2,717,411 | $2,485,690 | $2,320,622 | $2,241,575 |
| Fundraising | $93,512 | $77,508 | $58,628 | $71,897 | $51,940 |
| Total expenses | $10,498,920 | $9,868,665 | $8,990,452 | $8,197,581 | $6,962,666 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $6,713,770 | $1,320,754 | $1,208,211 | $1,111,286 | $1,491,905 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $6,713,770 | $1,320,754 | $1,208,211 | $1,111,286 | $1,491,905 |
Compensation
| Name | Title | Compensation |
| William M Woods | Executive Se | $174,778 |
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 10/6/2026. To update the information below, please email: [email protected]
History
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.