Redeemer Classical Academy Inc

Analysis

Redeemer Classical Academy Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in January 2015, 11 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, Redeemer Classical Academy Inc reported income of $1.4m and spending of $777k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $990k to $1.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income dropped by 55%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redeemer Classical Academy Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Providence Extension Ministries Inc ($1.4m), Marin County Bicycle Coalition ($1.4m) and Haywood Christian Academy Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Other salaries and wages came to $406k. It paid $13k in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $791k, net assets of $1.5m. It reported 14 employees.