Seven Oaks Classical School

Analysis

Seven Oaks Classical School is a registered charity in United States, based in Elletsville, IN. It received its IRS tax-exemption ruling in July 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, Seven Oaks Classical School reported income of $5.5m and spending of $5.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.5m (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 22%. 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, Seven Oaks Classical School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Vision Preparatory Charter School Inc ($5.5m), Dayspring Christian Academy ($5.5m) and Odyssey Community School ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $210k (4.2% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $12.3m against liabilities of $10.5m, net assets of $1.8m. It reported 99 employees.