Pinnacle Classical Academy

Analysis

Pinnacle Classical Academy is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in March 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, Pinnacle Classical Academy reported income of $11.5m and spending of $9.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $11.5m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinnacle Classical Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include University of Alberta Foundation USA Inc ($11.5m), Frederic L Chamberlain Center Inc ($11.5m) and Workforce Development Institute Inc ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $377k (4.1% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $28.7m against liabilities of $27.1m, net assets of $1.6m. It reported 171 employees.