Public Charity

FAITH ACADEMY

FAITH ACADEMY is a Public Charity headquartered in IOWA CITY, IA. Financial data from the 2025 filing: $1.6M revenue, $1.7M expenses, $1.5M total assets. 25 publicly reported grants to this organization, totaling roughly $610K, appear in IRS filings.

EIN: 823695813 IOWA CITY, IA Latest filing: 2025
Total Revenue$1.6M
Total Expenses$1.7M
Total Assets$1.5M
Grant Records25
Funding Total$610K
Filing Years2021–2025

Mission

THE OBJECTIVE OF FAITH ACADEMY SHALL BE TO PROVIDE A CHRIST-CENTERED EDUCATION, IN THE FORM OF FORMAL DAILY INSTRUCTION, TO LOW-INCOME STUDENTS IN THE IOWA CITY AREA.

Officers & Directors

EXECUTIVE DI Bernadine Franks
DIRECTOR Brandi Radcliffe
DIRECTOR Danice Keating Left 2025
VICE PRESIDE David Asprey
DIRECTOR Delbert Denny New 2025
DIRECTOR James Balmer

Officer compensation and complete director data available with membership.

Top Grant Purposes

GROWTH
$257,000 5 grants
TO PROVIDE STUDENT SCHOLARSHIPS
$232,963 3 grants
EDUCATION
$37,400 3 grants
General support
$25,000 2 grants
For grant recipient's exempt purposes
$20,800 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $1.6M $1.7M $1.5M
2024 $1.7M $1.2M $1.5M
2023 $1.4M $915K $1.1M
2022 $1.2M $875K $605K
2021

Between 2022 and 2025, reported annual revenue grew from $1.2M to $1.6M (+34%), with total assets most recently reported at $1.5M.

Interactive year-over-year charts and full filing details available with membership.

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