Oak Grove Classical Academy Inc

Analysis

Oak Grove Classical Academy Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2009, 17 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, Oak Grove Classical Academy Inc reported income of $2.8m and spending of $2.7m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $2.8m (+110%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 27%. 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, Oak Grove Classical Academy 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 88th percentile, and in the 90th percentile within NM. Charities of a similar size with the same main cause include Kent School Services Network ($2.8m), Valor Education Foundation ($2.8m) and Aquinas College ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $102k (3.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $309k. It reported 110 employees.