Charis Classical Academy Incorporated

Analysis

Charis Classical Academy Incorporated is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 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, Charis Classical Academy Incorporated reported income of $908k and spending of $587k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $312k to $908k (+191%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charis Classical Academy Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Agassiz Preschool Inc ($908k), Sul Ross State University Foundation ($908k) and Richards Free Library ($908k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $439k. At year end it held assets of $1.1m against liabilities of $501k, net assets of $581k. It reported 42 employees.