Asheville Christian Academy 
The information on this page was last updated 3/1/2024. If you see errors or omissions, please email: [email protected]
Summary
For more than 60 years, Asheville Christian Academy has provided a Gospel-centered education to students in the greater Asheville area. Children will experience top-quality instruction and heart-changing discipleship in an environment focused on bringing God honor through our excellence.
Surrounded by the splendor of the Appalachian Mountains, Asheville Christian Academy students are reminded daily of God's glory displayed in the beauty of His creation. The campus features three buildings totaling 180,000 square feet.
Contact information
Mailing address:
Asheville Christian Academy
74 Riverwood Road
Swannanoa, NC 28778
Website: ashevillechristian.org
Phone: (828) 581-2200
Email: [email protected]
Organization details
EIN: 560889168
CEO/President: Dr. William George
Chairman: Joshua Bradshaw
Board size: 11
Founder:
Ruling year: 1968
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1999
Purpose
From Kindergarten to Graduation
Every step of the way we are preparing your student to be Ready for More.
Your child's very first day of school is more than the launch of his/her academic learning; it is a significant start toward becoming the person God has called them to be. From the time they step foot on campus, we join with you in shaping these young lives into men and women who:
Follow Christ
Recognizing God's sovereignty, Asheville Christian graduates desire to fulfill His call on all facets of their lives. They seek to act justly, love mercy and walk humbly with our God (Micah 6:8).
Learn Intentionally
Acknowledging that all truth is God's truth, Asheville Christian graduates understand that growing in wisdom is the result of lifelong engagement in God's world. Inherent to being God's image-bearers is the continual uncovering of beauty and complexity in creation to redeem our fallen world.
Restore Culture
In order to fulfill the Great Commission (Matthew 28:16-20) by spreading the Gospel in all of its fullness, Asheville Christian graduates evaluate ways in which people are consciously, and unconsciously, catechized by the world.
Communicate Effectively
Reading, writing, speaking, and listening are important for navigating the future and modeling a Christian life (I Timothy 4:12). Graduates also demonstrate competence in understanding the communication relevant to all disciplines and in daily life.
Serve and Lead
Loving others well necessitates strength in humility. Because leadership and servant heartedness are inextricably linked, Asheville Christian graduates use experience, knowledge, and wisdom to be salt and light for His kingdom.
Mission statement
Seeking to serve Jesus Christ and uphold His Pre-eminence, Asheville Christian Academy, in committed partnership with Christian parents, provides a Gospel-centered education to shepherd and inspire Christ-oriented lives within a community of grace and truth.
Statement of faith
As a parent, you can be assured that Asheville Christian holds itself to a higher, different standards-God's. Everything we do is built on the foundation of God's Word and strengthened by more than two millennia of orthodox Christian belief and practice. This is what we believe:
The Bible is the Word of God, verbally inspired and inerrant as originally given, and is the supreme and final authority in faith and life.
God is Triune - one eternal God existing in three persons: Father, Son and Holy Spirit. Man is created in His image. Creation and providence are revelatory of Him.
Christ is God manifested in the flesh, born of a virgin. He lived a sinless life, suffered and died on our behalf; and He arose bodily from the grave, ascended, and is coming again in power and glory. Christ is the only mediator between God and man.
Regeneration by the Holy Spirit is absolutely fundamental to Christian life and should be basic in all preparation for life. By God's grace only and through faith alone are our children, and we saved from sin and its evil consequences.
The present ministry of the Holy Spirit is to indwell the Christian, enabling him to live a godly life.
There will be a bodily resurrection of both the saved and the lost; they that are saved unto the resurrection of life, and they that are lost unto the resurrection of damnation.
The spiritual unity of believers is in our Lord Jesus Christ.
Parents are responsible for the education of their children. To bring them up in the Lord, they, through the agency of a Board, employ teachers who give evidence of a born-again life and who manifest ability to educate children morally and intellectually in the light of God's Word.
The pupils, being images of God, must be subject to His sovereign rule in their lives. Creation and providence (that which is taught), being God-revealing, must be presented as such. Such teaching makes for God-consciousness without which no Christian teaching is possible.
The doctrines stated in the first nine sections of Article II are essential and indisputable. Some other doctrines have been debated by evangelical Christians over the centuries. It is the school's policy that students not be deprived of robust examination of any Biblical text, but it is always to be done with respectful consideration of the various historical interpretations. Additionally, a student raising a question concerning such a doctrine should be referred to his or her parents or pastor.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 626 of 1118 | 40 of 49 |
| Fund acquisition rating | | 54 of 1119 | 19 of 49 |
| Resource allocation rating | | 1045 of 1119 | 49 of 49 |
| Asset utilization rating | | 687 of 1118 | 33 of 49 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 8% | 36% | 5% | 27% | 13% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 3% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 25% | 9% | 32% | 7% | 15% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 3% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 75% | 91% | 68% | 93% | 85% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 65% | 70% | 62% | 63% | 67% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 85% | 105% | 86% | 103% | 92% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 56% | 73% | 53% | 65% | 62% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 15% | -5% | 14% | -3% | 8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 12% | -3% | 10% | -2% | 5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 32% | 27% | 36% | 35% | 31% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.50 | 0.54 | 0.46 | 0.38 | 0.50 | 0.48 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.10 | 8.43 | 4.36 | 2.99 | 8.20 | 5.19 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.87 | 4.51 | 1.98 | 1.13 | 4.09 | 2.47 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 3.06 | 1.85 | 1.15 | 1.31 | 2.35 | 2.89 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.33 | 0.54 | 0.87 | 0.76 | 0.43 | 0.35 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.17 | 1.22 | 0.80 | 2.52 | 1.69 | 3.17 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 32% | 20% | 33% | 37% | 22% | 20% |
Debt ratio Debt ratio = Debt / Total assets | 9% | 11% | 12% | 8% | 13% | 8% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 137% | 149% | 147% | 168% | 156% | 168% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $2,222,584 | $936,995 | $1,863,240 | $842,589 | $546,765 |
| Receivables, inventories, prepaids | $520,067 | $4,624,839 | $6,950,339 | $1,519,349 | $3,156,132 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,742,651 | $5,561,834 | $8,813,579 | $2,361,938 | $3,702,897 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $18,325,049 | $18,311,318 | $17,236,800 | $16,717,412 | $15,208,665 |
| Other long-term assets | $2,053,787 | $358,429 | $323,247 | $290,760 | $292,768 |
| Total long-term assets | $20,378,836 | $18,669,747 | $17,560,047 | $17,008,172 | $15,501,433 |
| Total assets | $23,121,487 | $24,231,581 | $26,373,626 | $19,370,110 | $19,204,330 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $754,871 | $682,505 | $546,017 | $444,683 | $433,370 |
| Other current liabilities | $724,387 | $4,140,579 | $6,179,043 | $560,487 | $847,672 |
| Total current liabilities | $1,479,258 | $4,823,084 | $6,725,060 | $1,005,170 | $1,281,042 |
| Debt | $2,443,860 | $2,915,255 | $2,241,079 | $2,527,237 | $1,603,984 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $781,065 | $281,005 | $695,369 | $787,109 | $960,431 |
| Total long-term liabilities | $3,224,925 | $3,196,260 | $2,936,448 | $3,314,346 | $2,564,415 |
| Total liabilities | $4,704,183 | $8,019,344 | $9,661,508 | $4,319,516 | $3,845,457 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $17,795,308 | $14,980,152 | $15,062,912 | $13,365,731 | $13,143,839 |
| With donor restrictions | $621,996 | $1,232,085 | $1,649,206 | $1,684,863 | $2,215,034 |
| Net assets | $18,417,304 | $16,212,237 | $16,712,118 | $15,050,594 | $15,358,873 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $3,634,414 | $930,545 | $3,674,177 | $649,394 | $1,487,187 |
| Program service revenue | $9,843,114 | $8,951,343 | $7,640,500 | $8,546,649 | $8,022,378 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $900,606 | ($36,449) | $0 | $0 | ($11,942) |
| Other revenue | $195,310 | $687,765 | $253,147 | $165,779 | $475,776 |
| Total other revenue | $10,939,030 | $9,602,659 | $7,893,647 | $8,712,428 | $8,486,212 |
| Total revenue | $14,573,444 | $10,533,204 | $11,567,824 | $9,361,822 | $9,973,399 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $8,099,802 | $7,682,217 | $6,175,962 | $6,087,370 | $6,146,018 |
| Management and general | $3,995,725 | $3,019,066 | $3,568,567 | $3,385,926 | $2,822,136 |
| Fundraising | $286,760 | $331,802 | $201,978 | $176,710 | $191,953 |
| Total expenses | $12,382,287 | $11,033,085 | $9,946,507 | $9,650,006 | $9,160,107 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $2,191,157 | ($499,881) | $1,621,317 | ($288,184) | $813,292 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,191,157 | ($499,881) | $1,621,317 | ($288,184) | $813,292 |
Compensation
| Name | Title | Compensation |
| William George | CEO/Head of | $223,353 |
| William Putnam | CFO | $150,303 |
Compensation data as of: 6/30/2023
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 3/1/2024. To update the information below, please email: [email protected]
History
History taken from Wikipedia:
"The school was founded in 1958[8] as Asheville Christian Day School, meeting at First Alliance Church. In 1972, it merged with Blue Ridge Christian Academy, under the new name Asheville Christian Academy. The school occupied a campus on Bell Road in the Haw Creek community of Asheville, until the current campus was established in 2003. Grades 10-12 were added in 1988. In 2012 graduating ACA seniors were accepted at more than 70 four-year universities and colleges. It also operates jointly with the local Asheville Buncombe Tech Community College and Montreat College in a dual enrollment program for juniors and seniors to gain college credit as part of their high school graduation requirements. In 2014 ACA was ranked in the top 50 Christian high schools in the United States.[9]"