The Classical Academy of Sarasota Inc

Analysis

The Classical Academy of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Classical Academy of Sarasota Inc reported income of $7.7m and spending of $8.0m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $7.7m (+203%), an average of +45% a year. The sharpest change came in the year to June 2022, when income rose by 114%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Classical Academy of Sarasota Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Meoros Bais Yaakov Inc ($7.7m), Central Florida Virtual Charter School Board Inc ($7.7m) and Pacific Collegiate School ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 86% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $10.1m against liabilities of $5.7m, net assets of $4.4m. It reported 144 employees.