Freedom Christian Academy 
The information on this page was last updated 7/10/2026. If you see errors or omissions, please email: [email protected]
Summary
"Learners today, leaders tomorrow."
Contact information
Mailing address:
Freedom Christian Academy
3130 Gillespie St
Fayetteville, NC 28306
Website: fcapatriots.org
Phone: (910) 485-7777
Email: [email protected]
Organization details
EIN: 611585719
CEO/President: James Drury
Chairman: Mark Morse
Board size: 8
Founder:
Ruling year: 2010
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Leadership
Freedom Christian Academy seeks to prepare students to be internally driven to practice servant-leadership with a Biblical view clearly focused on service in all aspects of life evident in teamwork, integrity, Godly service, and generous stewardship.
Scholarship
Freedom Christian Academy seeks to equip students with 21st Century fluencies, to think critically, work collaboratively, engage in discovery and investigation, and think globally through a Biblical lens.
Discipleship
Freedom Christian Academy seeks to inspire students to acquire, understand, internalize, demonstrate, and articulate Biblical principles and lead others into a relationship with Jesus Christ, consistent with the instruction of the Great Commission.
Citizenship
Freedom Christian Academy seeks to motivate students to develop a strong sense of community and love for the country through a contributory mind-set rather than a consuming approach in all parts of society including family, community service, faith, resources, knowledge, time, talents, and wisdom.
Mission statement
The mission of FCA is to create a nurturing environment that encourages and equips its students to fully seek truth for their lives, producing citizen-leaders of excellence, wisdom, and Christian faith.
Statement of faith
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 | | 120 of 1412 | 13 of 180 |
| Fund acquisition rating | | 511 of 1412 | 92 of 180 |
| Resource allocation rating | | 26 of 1412 | 4 of 180 |
| Asset utilization rating | | 325 of 1413 | 33 of 180 |
According to the organization's Form 990, it received $27,824 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 | 10% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 2% | 16% | 14% | 19% | 16% |
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 | 87% | 98% | 84% | 86% | 81% | 84% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 96% | 96% | 93% | 98% | 97% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 106% | 87% | 87% | 79% | 84% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 102% | 84% | 80% | 77% | 82% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | -6% | 13% | 13% | 21% | 16% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | -243% | 161% | -242% | -107% | -31% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 4% | 4% | 7% | 2% | 3% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 0.64 | 0.54 | 0.56 | 0.55 | 0.50 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.07 | 16.80 | 5.45 | 4.24 | 6.28 | 9.34 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.79 | 10.77 | 2.95 | 2.37 | 3.47 | 4.71 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.79 | 0.12 | 0.59 | 0.68 | 0.42 | 0.20 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 8.49 | 1.68 | 1.48 | 2.37 | 4.92 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.98 | -8.34 | -2.77 | -2.44 | -4.75 | -9.98 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 98% | 95% | 104% | 114% | 130% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 46% | 45% | 49% | 56% | 55% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 119% | 2% | 9% | -6% | -25% | -60% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $469,737 | $1,757,995 | $2,057,839 | $1,221,286 | $790,524 |
| Receivables, inventories, prepaids | $115,869 | $170,553 | $152,035 | $124,971 | $80,608 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $585,606 | $1,928,548 | $2,209,874 | $1,346,257 | $871,132 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $8,790,117 | $8,395,084 | $6,997,593 | $6,942,831 | $7,089,364 |
| Other long-term assets | $464,811 | $189,694 | $163,369 | $164,607 | $178,381 |
| Total long-term assets | $9,254,928 | $8,584,778 | $7,160,962 | $7,107,438 | $7,267,745 |
| Total assets | $9,840,534 | $10,513,326 | $9,370,836 | $8,453,695 | $8,138,877 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $149,385 | $290,935 | $289,657 | $117,275 | $88,782 |
| Other current liabilities | $4,823,578 | $2,952,249 | $2,981,566 | $3,079,596 | $4,194,210 |
| Total current liabilities | $4,972,963 | $3,243,184 | $3,271,223 | $3,196,871 | $4,282,992 |
| Debt | $4,547,821 | $4,738,047 | $4,586,292 | $4,717,762 | $4,503,229 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $162,667 | $1,993,060 | $1,848,632 | $1,693,783 | $1,798,807 |
| Total long-term liabilities | $4,710,488 | $6,731,107 | $6,434,924 | $6,411,545 | $6,302,036 |
| Total liabilities | $9,683,451 | $9,974,291 | $9,706,147 | $9,608,416 | $10,585,028 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $141,848 | $525,796 | ($345,382) | ($1,253,394) | ($2,485,889) |
| With donor restrictions | $15,235 | $13,239 | $10,071 | $98,673 | $39,738 |
| Net assets | $157,083 | $539,035 | ($335,311) | ($1,154,721) | ($2,446,151) |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $139,305 | $1,062,235 | $823,724 | $1,133,088 | $763,532 |
| Program service revenue | $5,203,338 | $4,942,074 | $4,690,378 | $4,223,386 | $3,801,462 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $31,112 | $76,897 | $15,232 | $614 | ($283) |
| Other revenue | $553,491 | $472,686 | $511,332 | $546,024 | $298,294 |
| Total other revenue | $5,787,941 | $5,491,657 | $5,216,942 | $4,770,024 | $4,099,473 |
| Total revenue | $5,927,246 | $6,553,892 | $6,040,666 | $5,903,112 | $4,863,005 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $6,075,015 | $5,477,123 | $4,852,307 | $4,557,048 | $3,985,629 |
| Management and general | $234,182 | $211,359 | $375,832 | $113,568 | $117,344 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $6,309,197 | $5,688,482 | $5,228,139 | $4,670,616 | $4,102,973 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($381,951) | $865,410 | $812,527 | $1,232,496 | $760,032 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($381,951) | $865,410 | $812,527 | $1,232,496 | $760,032 |
Compensation
Compensation data for this ministry has not been collected.
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 7/10/2026. To update the information below, please email: [email protected]
History
In December of 2008, planning began for Freedom Christian Academy. The school's name was also taken from the verse in Galatians 5:13, "For you were called to freedom brethren; through love serve one another." An advisory council of ten believers from local churches was commissioned to give direction and advice to the school leadership and to construct bylaws for governance. Affiliation with ACSI came shortly thereafter, and all stakeholders were committed to accreditation. Mount Carmel Church in Fayetteville provided temporary housing to the new school. For the first two years, FCA was located on Owen Drive. The school grew from 100 to 200 students and from 12 to 22 teachers/staff. In December 2010, the school began to seek permanent housing. Friends and investors raised the money to purchase the Technimark Building at 3130 Gillespie Street (the current home of Freedom Christian Academy).
Today, FCA has over 625 students and includes a Preschool program and international program. Technology was integrated throughout the building, and every classroom is now equipped with 75-inch Clear Touch interactive panels. Each grade level in Lower School and each academic discipline in Upper School has its own cart of laptops available to create opportunities for 21st century learning. Freedom Courts, which contains a coffee shop and a four-court athletic facility, opens opportunities for our Freedom community and for outside use.