Classical Academy de Lafayette

Analysis

Classical Academy de Lafayette is a registered charity in United States, based in Lake St Louis, MO. It received its IRS tax-exemption ruling in January 2018, 8 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, Classical Academy de Lafayette reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $220k to $1.1m (+418%), an average of +51% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classical Academy de Lafayette sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Ygnacio Valley Christian School Association Inc ($1.1m), St Vincent St Mary High School Foundation ($1.1m) and Desert Scholarship Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $84k (6.3% of expenses). Other salaries and wages came to $722k. At year end it held assets of $674k against liabilities of $1.1m, net assets of -$437k. It reported 27 employees.