I don't believe it does. When we signed him up which was just recently the administrator told us that they receive no state or federal funding and that they don't fall under any of the requirements that state facilities do. She said they try and abide by the same guidelines but are not restricted to them because they are a ministry.
If they're required to be licensed, then I think you're incorrect. I think it's still a school. If it's not a school, I'd be interested in knowing why it doesn't fall under IC 31-27.