Classically Formed Inc

Analysis

Classically Formed Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in May 2021, 5 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, Classically Formed Inc reported income of $193k and spending of $507k, spending 262% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $38k to $193k (+411%), an average of +126% a year. The sharpest change came in the year to June 2022, when income rose by 1383%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classically Formed Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within OK. Charities of a similar size with the same main cause include Augustine Literacy Project - Triangle ($193k), Center for Ethical Leadership ($193k) and Three Rivers Village School ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $189k. At year end it held assets of $310k against liabilities of $136k, net assets of $174k.