Capstone Classical Academy

Analysis

Capstone Classical Academy is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in January 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, Capstone Classical Academy reported income of $25.8m and spending of $2.4m, leaving 91% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.0m to $25.8m (+1221%), an average of +1221% a year. The sharpest change came in the year to June 2023, when income rose by 1221%. Over the whole period it spent 10% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capstone Classical Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ND. Charities of a similar size with the same main cause include Executive Education Academy Charter School ($25.8m), Synergy Academies ($25.8m) and Phillips Programs ($25.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $183k (7.5% of expenses). Other salaries and wages came to $936k. It paid $90k in professional fundraising fees. At year end it held assets of $39.6m against liabilities of $960k, net assets of $38.6m. It reported 30 employees.