Immaculata Classical Academy Inc

Analysis

Immaculata Classical Academy Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 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 May 2023, Immaculata Classical Academy Inc reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $949k to $1.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to May 2022, when income rose by 247%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Immaculata Classical Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Ohio Educare Inc ($1.1m), Northeast Louisiana Baptist School ($1.1m) and Hijas de Maria Auxiliadora Inc ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $81k (6.5% of expenses). Other salaries and wages came to $802k. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m. It reported 35 employees.