Liberty Classical Academy

Analysis

Liberty Classical Academy is a registered charity in United States, based in White Bear LK, MN. It received its IRS tax-exemption ruling in January 2002, 24 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, Liberty Classical Academy reported income of $10.3m and spending of $6.3m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $10.3m (+209%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liberty Classical Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Early Light Academy ($10.3m), Citizens Academy III ($10.3m) and Wolcott School ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $110k (1.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $10.5m against liabilities of $314k, net assets of $10.2m. It reported 104 employees.