Greyfriars Classical Academy

Analysis

Greyfriars Classical Academy is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in May 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, Greyfriars Classical Academy reported income of $828k and spending of $765k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $446k to $828k (+85%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greyfriars Classical Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Kings Classical Academy ($828k), Womens Bond Club of New York Inc ($828k) and On Ramps ($827k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 84% of the total. Other salaries and wages came to $563k. At year end it held assets of $825k against liabilities of $84k, net assets of $741k. It reported 64 employees.