Rocky Mountain Classical Academy

Analysis

Rocky Mountain Classical Academy is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rocky Mountain Classical Academy reported income of $19.2m and spending of $18.7m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $12.4m to $19.2m (+55%), an average of +9.2% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocky Mountain Classical Academy 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 CO. Charities of a similar size with the same main cause include Oakridge School Inc ($19.2m), Louisiana Achievement Charter Academies Inc ($19.3m) and Creative Minds International Public Charter School ($19.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $463k (2.5% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $12.9m against liabilities of $16.6m, net assets of -$3.7m. It reported 222 employees.