Independence Classical Academy Inc

Analysis

Independence Classical Academy Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in November 2019, 7 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, Independence Classical Academy Inc reported income of $4.0m and spending of $3.9m, spending 97% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.5m to $4.0m (+60%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independence Classical Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Montessori Family Schools of Manhattan ($4.0m), Angleton Christian School Corporation ($4.0m) and Bell Canyon Charter School Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 92% of the total. At year end it held assets of $11.1m against liabilities of $11.0m, net assets of $82k. It reported 69 employees.