Northwest Classical Academy Inc

Analysis

Northwest Classical Academy Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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, Northwest Classical Academy Inc reported income of $9.9m and spending of $8.8m, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $6.2m to $9.9m (+59%), an average of +59% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Classical Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Mercy Multiplied America Inc ($9.9m), Prince William Sound Science & Technology Institute ($9.9m) and Marquardt Memorial Manor Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $129k (1.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $13.8m against liabilities of $11.6m, net assets of $2.1m. It reported 102 employees.