Jacksonville Classical Academy Inc

Analysis

Jacksonville Classical Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 2019, 7 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, Jacksonville Classical Academy Inc reported income of $9.7m and spending of $10.7m, spending 111% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $5.4m to $9.7m (+78%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jacksonville Classical Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Child Development Inc ($9.7m), Ms Support Corporation II ($9.7m) and Keswick Christian School Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $22.6m against liabilities of $28.8m, net assets of -$6.2m. It reported 125 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.