True North Classical Academy Inc

Analysis

True North Classical Academy Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 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, True North Classical Academy Inc reported income of $21.7m and spending of $21.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $21.7m (+358%), an average of +46% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, True North Classical Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Michigan Virtual University ($21.7m), Henderson Collegiate ($21.7m) and Ewing Marion Kauffman School Inc ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $180k (0.8% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $52.7m against liabilities of $49.2m, net assets of $3.5m. It reported 451 employees.