Classic Charitable Foundation

Analysis

Classic Charitable Foundation is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Classic Charitable Foundation reported income of $175k and spending of $177k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $175k (+6.8%), an average of +6.8% a year. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Classic Charitable Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within AR. Charities of a similar size with the same main cause include Santa Rosa East Rotary Foundation ($175k), Exchange Club of New Canaan Foundation Inc ($175k) and Mighty Ally Institute ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,841 against liabilities of $0, net assets of $8,841.