Classical Academy Charter School of Clifton Inc

Analysis

Classical Academy Charter School of Clifton Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in May 2002, 24 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 2023, Classical Academy Charter School of Clifton Inc reported income of $3.0m and spending of $2.5m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.0m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classical Academy Charter School of Clifton Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Denovo Inc ($3.0m), American Indigenous Tourism Association Inc ($3.0m) and American Career College Educational Foundation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $232k (9.4% of expenses). Other salaries and wages came to $917k. At year end it held assets of $3.4m against liabilities of $1.5m, net assets of $1.9m. It reported 21 employees.