Saint Therese Classical Academy

Analysis

Saint Therese Classical Academy is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in November 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, Saint Therese Classical Academy reported income of $352k and spending of $352k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $249k to $352k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Therese Classical Academy sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Alumni Corp and Supporters ($352k), Chenango Valley Nursery Inc ($352k) and Little Sprouts Learning Center Inc ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $183k (52% of expenses). At year end it held assets of $46k against liabilities of $22k, net assets of $24k.