Philadelphia Classical School

Analysis

Philadelphia Classical School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 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 July 2023, Philadelphia Classical School reported income of $2.8m and spending of $2.8m, spending 98% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $2.1m to $2.8m (+35%), an average of +10% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia Classical School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include The Parkmont School Inc ($2.8m), Skyway Career Prep High School ($2.8m) and United Lutheran Seminary Endowment Foundation ($2.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $155k (5.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.5m against liabilities of $1.7m, net assets of $811k. It reported 36 employees.