Agamim Classical Academy

Analysis

Agamim Classical Academy is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in November 2013, 13 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, Agamim Classical Academy reported income of $5.3m and spending of $4.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.3m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. 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, Agamim Classical Academy 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 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Bountiful Community Food Pantry ($5.3m), Middle East Bible Outreach ($5.3m) and Hobgood Academy Charter School Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $240k (5.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.1m against liabilities of $6.7m, net assets of -$606k. It reported 74 employees.