Classroom Central Inc

Analysis

Classroom Central Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Classroom Central Inc reported income of $17.7m and spending of $13.6m, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.1m to $17.7m (+94%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 55%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classroom Central Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include University of Virginia Healt Foundation ($17.7m), Idaho Association for the Education of Young Children ($17.7m) and Ex Students Association of the ($17.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $224k (1.7% of expenses). Other salaries and wages came to $603k. At year end it held assets of $19.2m against liabilities of $312k, net assets of $18.9m. It reported 11 employees.