The Savannah Classical Academy a Challenge Foundation Academy

Analysis

The Savannah Classical Academy a Challenge Foundation Academy is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in January 2014, 12 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, The Savannah Classical Academy a Challenge Foundation Academy reported income of $8.0m and spending of $7.3m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.7m to $8.0m (+71%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 48%. 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, The Savannah Classical Academy a Challenge Foundation Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Southeastern Indiana Economic Opportunity Corporation ($8.0m), Brophy Community Foundation ($8.0m) and Brandeis Hillel Day School - Marin ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $8.2m against liabilities of $4.3m, net assets of $4.0m. It reported 68 employees.