Classical Beginnings Inc

Analysis

Classical Beginnings Inc is a registered charity in United States, based in Lookout MTN, GA. It received its IRS tax-exemption ruling in January 2013, 13 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 2024, Classical Beginnings Inc reported income of $288k and spending of $274k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $218k to $288k (+32%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 35%. 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, Classical Beginnings Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include American Medical Foundation for Peer Review and Education Inc ($288k), Harkness House Incorporated ($288k) and Titan Booster Club Inc ($288k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $28k (10% of expenses). Other salaries and wages came to $197k. At year end it held assets of $68k against liabilities of $72, net assets of $68k. It reported 11 employees.