Classical Academy Inc

Analysis

Classical Academy Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in May 2020, 6 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 Inc reported income of $1.7m and spending of $853k, leaving 50% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $956k to $1.7m (+80%), an average of +80% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classical Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Cerritos College Foundation ($1.7m), West Hernando Christian School Inc ($1.7m) and S a I L S Incorporated ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $96k (11% of expenses). Other salaries and wages came to $459k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 35 employees.