Classical Academies Cfa Inc

Analysis

Classical Academies Cfa Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in April 2012, 14 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 Academies Cfa Inc reported income of $6.7m and spending of $5.7m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $6.7m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classical Academies Cfa Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Central Wisconsin Christian Schools ($6.7m), Educators for Excellence ($6.7m) and Logos Evangelical Seminary ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $183k (3.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $3.1m against liabilities of $286k, net assets of $2.8m.