Genesis Classical Academy Inc

Analysis

Genesis Classical Academy Inc is a registered charity in United States, based in Winnebago, MN. It received its IRS tax-exemption ruling in August 2015, 11 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, Genesis Classical Academy Inc reported income of $720k and spending of $852k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $533k to $720k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesis Classical Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Northland Mission Inc ($719k), Childrens Scholarship Fund Baltimore ($720k) and Central Arkansas Montessori Inc ($719k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Other salaries and wages came to $594k. At year end it held assets of $666k against liabilities of $200k, net assets of $466k. It reported 40 employees.