Class Education Inc

Analysis

Class Education Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in February 2008, 18 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 December 2023, Class Education Inc reported income of $204k and spending of $217k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $217k to $204k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Class Education Inc 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 54th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include Barbara Ingram School for the Arts Foundation ($204k), Girls on the Run of Greater Rochester Inc ($204k) and Olentangy Liberty Athletic Boosters Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $149k. At year end it held assets of $684k against liabilities of $6,797, net assets of $677k. It reported 2 employees.