Arlington Classics Academy

Analysis

Arlington Classics Academy is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in April 1998, 28 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 August 2023, Arlington Classics Academy reported income of $16.6m and spending of $16.3m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $14.4m to $16.6m (+15%), an average of +3.6% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arlington Classics Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Child Start Incorporated ($16.6m), Weizmann Chairs and Scholarships Endowment Inc ($16.6m) and Army & Navy Academy ($16.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $165k (1.0% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $32.6m against liabilities of $22.3m, net assets of $10.4m. It reported 283 employees.