Classical Charter Schools of Americ a Inc

Analysis

Classical Charter Schools of Americ a Inc is a registered charity in United States, based in Leland, NC. It received its IRS tax-exemption ruling in March 2002, 24 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, Classical Charter Schools of Americ a Inc reported income of $32.5m and spending of $31.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.3m to $32.5m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classical Charter Schools of Americ a Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Lycee Francais de San Francisco ($32.5m), Augustine Institute Inc ($32.5m) and River Islands Academies ($32.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $12.9m. At year end it held assets of $51.6m against liabilities of $41.2m, net assets of $10.3m. It reported 468 employees.