Granite Classical Tutorials Inc

Analysis

Granite Classical Tutorials Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Granite Classical Tutorials Inc reported income of $653k and spending of $593k, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $309k to $653k (+111%), an average of +21% a year. The sharpest change came in the year to July 2022, when income rose by 54%. 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, Granite Classical Tutorials Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Success Together Inc ($653k), Carolina Christian Academy of Hayesville Inc ($654k) and Chico State Cim Patrons ($653k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $37k (6.2% of expenses). Other salaries and wages came to $380k. At year end it held assets of $248k against liabilities of $126k, net assets of $122k. It reported 80 employees.