LEXINGTON CHRISTIAN ACADEMY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$43,284,699
Property, Plant, & Equipment (net)
39%
Receivables (Non-Related)
31%
Investments
19%
Other Assets
7%
Cash & Equivalents
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$22,827,457
Deferred Revenue
60%
Tax-Exempt Bond Liabilities
21%
Other Liabilities
12%
Payables & Accruals
7%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,696,490
$2,133,481
-21%
Receivables (Non-Related)
$14,532,923
$13,309,926
-8%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$220,575
$73,615
-67%
Investments
$4,989,109
$8,014,312
+61%
Property, Plant, & Equipment (net)
$17,354,662
$16,772,484
-3%
Other Assets
$441,403
$2,980,881
+575%
Total Assets
$40,235,162
$43,284,699
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$1,396,714
$1,576,081
+13%
Grants Payable
-
-
-
Deferred Revenue
$14,560,028
$13,772,538
-5%
Tax-Exempt Bond Liabilities
$5,569,893
$4,789,798
-14%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$209,770
$2,689,040
+1182%
Total Liabilities
$21,736,405
$22,827,457
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$754,206
$928,168
+23%
Unrestricted Net Assets
$17,744,551
$19,529,074
+10%
Net assets
2023
2024
Change
Net assets
+$18,498,757
+$20,457,242
+11%
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