Vero Classical School

Analysis

Vero Classical School is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in October 2023, 3 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 December 2023, Vero Classical School reported income of $480k and spending of $322k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3,000 to $480k (+15906%), an average of +15906% a year. The sharpest change came in the year to December 2023, when income rose by 15906%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vero Classical School sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Smart Family Literacy Inc ($480k), Utah Industries for the Blind ($480k) and Lake Geauga Educational Assistance Foundation ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Other salaries and wages came to $197k. It paid $2,098 in professional fundraising fees. At year end it held assets of $159k against liabilities of $0, net assets of $159k. It reported 11 employees.