Geneva Classical Academy Inc

Analysis

Geneva Classical Academy Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in December 1997, 29 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 2024, Geneva Classical Academy Inc reported income of $2.8m and spending of $2.7m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geneva Classical Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Peachtree Academy Private School ($2.8m), Avoyelles Child Development Services Inc ($2.8m) and Young Peoples Project Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.8% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $91k (3.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.9m against liabilities of $1.5m, net assets of $2.4m. It reported 63 employees.