Academy for Classical Education Inc

Analysis

Academy for Classical Education Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Academy for Classical Education Inc reported income of $24.0m and spending of $23.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $24.0m (+61%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Academy for Classical Education Inc 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 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Living Planet Inc ($23.9m), Hoosier Care Inc ($24.0m) and New York Academy of Sciences ($23.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $292k (1.2% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $58.7m against liabilities of $68.0m, net assets of -$9.3m. It reported 275 employees.