San Luis Obispo Classical Academy

Analysis

San Luis Obispo Classical Academy is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Luis Obispo Classical Academy reported income of $5.4m and spending of $5.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $5.4m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Luis Obispo Classical Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Foundation for Clovis Schools ($5.4m), Brevard Academy ($5.4m) and The Foster Alliance ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $184k (3.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $2.7m against liabilities of $1.7m, net assets of $933k. It reported 143 employees.