Freedom Classical Academy Inc

Analysis

Freedom Classical Academy Inc is a registered charity in United States, based in N Las Vegas, NV. It received its IRS tax-exemption ruling in February 2021, 5 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, Freedom Classical Academy Inc reported income of $9.6m and spending of $9.5m, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $9.9m to $9.6m (-3.0%), an average of -3.0% 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, Freedom Classical Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NV. Charities of a similar size with the same main cause include United Charter High School for the Humanities II ($9.6m), Folk Arts-Cultural Treasures Charter School ($9.6m) and Christian Heritage School Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $182k (1.9% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $34.8m against liabilities of $32.1m, net assets of $2.7m. It reported 122 employees.