Intercollegiate Center for Classical Studies

Analysis

Intercollegiate Center for Classical Studies is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in January 2006, 20 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, Intercollegiate Center for Classical Studies reported income of $3.3m and spending of $2.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.3m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 208%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Intercollegiate Center for Classical Studies sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Boule Foundation ($3.3m), Marion Charter School Inc ($3.3m) and Rotary District 5000 Foundation ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $331k (13% of expenses). Other salaries and wages came to $701k. At year end it held assets of $13.4m against liabilities of $1.9m, net assets of $11.5m. It reported 5 employees.