Providence Classical Academy Inc

Analysis

Providence Classical Academy Inc is a registered charity in United States, based in Bossier City, LA. It received its IRS tax-exemption ruling in April 2007, 19 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, Providence Classical Academy Inc reported income of $17.8m and spending of $5.7m, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $17.8m (+362%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 232%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Classical Academy Inc 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 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Ser Ninos Inc ($17.8m), Cankdeska Cikana Community College ($17.8m) and Suffolk Cooperative Library System ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $140k (2.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $25.1m against liabilities of $1.4m, net assets of $23.7m. It reported 139 employees.