Charity Classic Inc

Analysis

Charity Classic Inc is a registered charity in United States, based in Garden City, KS. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charity Classic Inc reported income of $218k and spending of $230k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $316k to $218k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charity Classic Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KS. Charities of a similar size with the same main cause include United Way of Parker County ($218k), Giving Square ($218k) and Arrowheart Foundation ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3,081 against liabilities of $0, net assets of $3,081.