Frederick Classical Charter School Inc

Analysis

Frederick Classical Charter School Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in March 2011, 15 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 June 2024, Frederick Classical Charter School Inc reported income of $5.5m and spending of $5.4m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.5m to $5.5m (+23%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 15%. 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, Frederick Classical Charter School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Foundation for California University of Pennsylvania ($5.5m), Noah Webster Academy Inc ($5.5m) and Community Capital Corporation ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $5.5m against liabilities of $3.2m, net assets of $2.3m.