Loveland Classical Schools

Analysis

Loveland Classical Schools is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in January 2014, 12 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, Loveland Classical Schools reported income of $12.2m and spending of $10.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $12.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loveland Classical Schools sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Hamlin Robinson School ($12.2m), Civic Nation ($12.2m) and High Tech High Graduate School of Education ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $138k (1.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $10.8m against liabilities of $12.2m, net assets of -$1.3m. It reported 152 employees.