Classical Studies of Central Indiana Inc

Analysis

Classical Studies of Central Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Classical Studies of Central Indiana Inc reported income of $397k and spending of $448k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $276k to $397k (+44%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classical Studies of Central Indiana Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Kenston Forest School Foundation Inc ($396k), Sunshine Academy Summer School ($397k) and Arrow Preparatory Academy ($396k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $42k (9.3% of expenses). Other salaries and wages came to $231k. At year end it held assets of $144k against liabilities of $2,389, net assets of $141k. It reported 40 employees.