Live Oak Classical School Inc

Analysis

Live Oak Classical School Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in July 2004, 22 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, Live Oak Classical School Inc reported income of $5.3m and spending of $5.9m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.3m (+22%), an average of +5.0% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Live Oak Classical School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Healthmpowers Inc ($5.3m), Hyman Brand Hebrew Academy Inc ($5.3m) and Kings Christian Academy ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $210k (3.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $1.1m against liabilities of $6.1m, net assets of -$5.0m. It reported 134 employees.