Claritas Classical Academy

Analysis

Claritas Classical Academy is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Claritas Classical Academy reported income of $393k and spending of $354k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $263k to $393k (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Claritas Classical Academy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Colorado Agricultural Leadership Program ($393k), Apereo Foundation Incorporated ($393k) and Hand-In-Hand Day Care & Pre-School of the First Presbyterian Church ($393k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). Other salaries and wages came to $212k. At year end it held assets of $529k against liabilities of $8,533, net assets of $520k. It reported 32 employees.