Anthem Classical Academy

Analysis

Anthem Classical Academy is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in November 2020, 6 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, Anthem Classical Academy reported income of $453k and spending of $465k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $267k to $453k (+70%), an average of +70% a year. The sharpest change came in the year to June 2023, when income rose by 70%. 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, Anthem Classical Academy sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within AR. Charities of a similar size with the same main cause include New York City Tourism Foundation Inc ($453k), Lees College Inc ($453k) and Promise Village Academy ($453k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $53k (11% of expenses). Other salaries and wages came to $256k. At year end it held assets of $264k against liabilities of $190k, net assets of $74k. It reported 14 employees.