Class Ltd

Analysis

Class Ltd is a registered charity in United States, based in Columbus, KS. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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, Class Ltd reported income of $11.5m and spending of $11.1m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.8m to $11.5m (+6.0%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Class Ltd 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 95th percentile, and in the 95th percentile within KS. Charities of a similar size with the same main cause include LA Raza Services Inc ($11.5m), Seattle Childrens Hospital ($11.5m) and National Policing Institute ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $115k (1.0% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $5.8m against liabilities of $1.7m, net assets of $4.1m. It reported 333 employees.