Charis Classical Academy Incorporated
EIN: 452800737 · Madison, WI · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $587K |
| Net Assets | $581K |
Is Charis Classical Academy Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charis Classical Academy Incorporated
Charis Classical Academy Incorporated (EIN: 452800737) is a nonprofit organization based in Madison, WI, classified under NTEE code B20. The organization reported total revenue of $1.3M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charis Classical Academy Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charis Classical Academy Incorporated is a mid-size nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 24.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $908K |
| Total Expenses | $587K |
| Surplus / Deficit | +$321K |
| Total Assets | $1.1M |
| Total Liabilities | $501K |
| Net Assets | $581K |
| Operating Margin | 35.3% |
| Debt-to-Asset Ratio | 46.3% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Charis Classical Academy Incorporated reported a surplus of $321K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 46.3% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Charis Classical Academy Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 24.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.5% | +22.8% | +56.0% |
| 2022 | -1.6% | +16.0% | +12.5% |
| 2021 | +48.4% | -7.5% | +51.1% |
| 2020 | +28.2% | +21.9% | -4.1% |
| 2019 | +7.0% | +29.8% | +19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charis Classical Academy Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charis Classical Academy Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $321K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.3%.
Frequently Asked Questions about Charis Classical Academy Incorporated
Is Charis Classical Academy Incorporated a legitimate charity?
Charis Classical Academy Incorporated (EIN: 452800737) is a registered tax-exempt nonprofit based in Wisconsin. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does Charis Classical Academy Incorporated spend its money?
Charis Classical Academy Incorporated reported $1.3M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Charis Classical Academy Incorporated tax-deductible?
Charis Classical Academy Incorporated is registered as a tax-exempt nonprofit (EIN: 452800737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charis Classical Academy Incorporated located?
Charis Classical Academy Incorporated is headquartered in Madison, Wisconsin and files with the IRS under EIN 452800737. It is classified under NTEE code B20.
How many years of IRS 990 filings does Charis Classical Academy Incorporated have?
Charis Classical Academy Incorporated has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Charis Classical Academy Incorporated showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Charis Classical Academy Incorporated's revenue has grown by 619.7%, moving from $126K to $908K. Total assets increased by 1205.1% over the same period, from $83K to $1.1M. Total functional expenses rose by 790.2%, from $66K to $587K. In its most recent filing year (2023), Charis Classical Academy Incorporated reported a surplus of $321K, with revenue exceeding expenses. The organization holds $501K in liabilities against $1.1M in assets (debt-to-asset ratio: 46.3%), resulting in net assets of $581K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $908K | $587K | $1.1M | $501K | — | — |
| 2022 | $584K | $478K | $694K | $430K | — | View 990 |
| 2021 | $593K | $412K | $617K | $493K | — | — |
| 2020 | $400K | $446K | $408K | $465K | — | View 990 |
| 2019 | $312K | $366K | $426K | $433K | — | View 990 |
| 2018 | $291K | $282K | $356K | $297K | — | View 990 |
| 2017 | $214K | $200K | $236K | $155K | — | View 990 |
| 2016 | $99K | $132K | $180K | $102K | — | View 990 |
| 2015 | $149K | $98K | $133K | $1K | — | View 990 |
| 2014 | $126K | $66K | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $908K, expenses of $587K, and assets of $1.1M (revenue +55.5% year-over-year).
- 2022: Revenue of $584K, expenses of $478K, and assets of $694K (revenue -1.6% year-over-year).
- 2021: Revenue of $593K, expenses of $412K, and assets of $617K (revenue +48.4% year-over-year).
- 2020: Revenue of $400K, expenses of $446K, and assets of $408K (revenue +28.2% year-over-year).
- 2019: Revenue of $312K, expenses of $366K, and assets of $426K (revenue +7.0% year-over-year).
- 2018: Revenue of $291K, expenses of $282K, and assets of $356K (revenue +36.0% year-over-year).
- 2017: Revenue of $214K, expenses of $200K, and assets of $236K (revenue +116.6% year-over-year).
- 2016: Revenue of $99K, expenses of $132K, and assets of $180K (revenue -33.4% year-over-year).
- 2015: Revenue of $149K, expenses of $98K, and assets of $133K (revenue +17.7% year-over-year).
- 2014: Revenue of $126K, expenses of $66K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charis Classical Academy Incorporated:
Data Sources and Methodology
This transparency report for Charis Classical Academy Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.