Classic for Columbus

Analysis

Classic for Columbus is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2020, 6 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 December 2023, Classic for Columbus reported income of $679k and spending of $822k, spending 121% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $679k (-36%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classic for Columbus sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Horizons at CT State Norwalk Inc ($679k), Coral Ridge Christian Academy Inc ($679k) and High School Youth Initiative Inc ($679k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $85k against liabilities of $349k, net assets of -$264k.