Austin Classical School

Analysis

Austin Classical School is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 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 2023, Austin Classical School reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Austin Classical School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include All Belong ($2.2m), Main Street Ventures ($2.2m) and Teaching Well Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $318k (15% of expenses). Other salaries and wages came to $997k. At year end it held assets of $2.3m against liabilities of $940k, net assets of $1.4m. It reported 76 employees.