Classical Charter Schools

Analysis

Classical Charter Schools is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 2014, 12 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 2024, Classical Charter Schools reported income of $44.2m and spending of $42.2m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $26.4m to $44.2m (+68%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classical Charter Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include University Enterprises Corporation at Csusb ($44.2m), Western Reserve Academy ($44.2m) and Jewish Leadership Academy Inc ($44.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $876k (2.1% of expenses). Other salaries and wages came to $21.8m. At year end it held assets of $141.0m against liabilities of $125.8m, net assets of $15.2m. It reported 422 employees.