Bonnie Cone Classical Academy Inc

Analysis

Bonnie Cone Classical Academy Inc is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in August 2019, 7 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, Bonnie Cone Classical Academy Inc reported income of $9.5m and spending of $7.9m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $9.5m (+258%), an average of +53% a year. The sharpest change came in the year to June 2021, when income rose by 151%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bonnie Cone Classical Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include National Center for Teacher Residencies Inc ($9.5m), Concord Consortium Inc ($9.5m) and Spartanburg Academic Movement ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $92k (1.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $21.2m against liabilities of $18.2m, net assets of $3.1m. It reported 131 employees.