Cedar Classical Academy

Analysis

Cedar Classical Academy is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cedar Classical Academy reported income of $764k and spending of $719k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $207k to $764k (+269%), an average of +54% a year. The sharpest change came in the year to June 2021, when income rose by 164%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cedar Classical Academy sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include North Platte Public Schools Foundation Inc ($764k), Crestwood Day School Inc ($764k) and Stillwater Christian School Inc ($764k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $75k (10% of expenses). Other salaries and wages came to $321k. At year end it held assets of $1.3m against liabilities of $550k, net assets of $759k. It reported 19 employees.