Hagia Sophia Classical Academy Inc

Analysis

Hagia Sophia Classical Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2018, 8 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 December 2023, Hagia Sophia Classical Academy Inc reported income of $160k and spending of $215k, spending 134% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $258k to $160k (-38%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hagia Sophia Classical Academy Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include Puget Sound Voyaging Society ($160k), Ben Franklin Academy Parent-Teacher Organization ($160k) and Liberty Creek High School Band Boosters ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.