Artesia Classical Academy Inc

Analysis

Artesia Classical Academy Inc is a registered charity in United States, based in Artesia, NM. It received its IRS tax-exemption ruling in April 2022, 4 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, Artesia Classical Academy Inc reported income of $761k and spending of $357k, leaving 53% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $288k to $761k (+164%), an average of +164% a year. The sharpest change came in the year to June 2023, when income rose by 164%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Artesia Classical Academy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NM. Charities of a similar size with the same main cause include Legacy International Online High School ($761k), First Friday Foundation Las Vegas ($761k) and Way of the Shepherd ($760k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $82k (23% of expenses). Other salaries and wages came to $151k. At year end it held assets of $668k against liabilities of $5,811, net assets of $662k. It reported 9 employees.