Archway Classical Academy Veritas

Analysis

Archway Classical Academy Veritas is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2011, 15 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, Archway Classical Academy Veritas reported income of $8.4m and spending of $7.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.4m (+30%), an average of +6.8% a year. 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, Archway Classical Academy Veritas sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Vision Public Charter School of Middleton Inc ($8.4m), Odyssey School Inc ($8.4m) and Menaul School ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $226k (3.0% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $13.2m against liabilities of $9.2m, net assets of $4.0m.