Classical Studies Institute Of Louisville Inc
Classical Studies Institute maintains stable finances with no reported officer compensation.
EIN: 20792441 · Louisville, KY · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $578K |
| Total Expenses | $476K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000, |
| Net Assets | $131K |
| Transparency Score | 88/100 |
Is Classical Studies Institute Of Louisville Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Classical Studies Institute Of Louisville Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Classical Studies Institute Of Louisville Inc
Classical Studies Institute Of Louisville Inc (EIN: 20792441) is a nonprofit organization based in Louisville, KY, classified under NTEE code B20. The organization reported total revenue of $578K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Classical Studies Institute Of Louisville Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Classical Studies Institute Of Louisville Inc is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $505K |
| Total Expenses | $476K |
| Surplus / Deficit | +$30K |
| Total Assets | $236K |
| Total Liabilities | $104K |
| Net Assets | $131K |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 44.3% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2023, Classical Studies Institute Of Louisville Inc reported a surplus of $30K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 44.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Classical Studies Institute Of Louisville Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | -25.2% | +56.0% |
| 2022 | -29.0% | -6.6% | -47.2% |
| 2021 | +6.2% | -12.0% | -0.9% |
| 2020 | -3.9% | +4.9% | +38.7% |
| 2019 | +3.1% | -2.0% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Classical Studies Institute Of Louisville Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Classical Studies Institute Of Louisville Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of this size with revenues consistently above $500,000, suggesting either a volunteer-led executive team or compensation is covered by another entity, which warrants further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Classical Studies Institute Of Louisville Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is paid by a related entity or that the executive team is entirely volunteer, warranting further inquiry for full transparency.
- Significant deficit in 2022 where expenses ($636,125) exceeded revenue ($565,641).
Strengths
The following positive indicators were identified for Classical Studies Institute Of Louisville Inc:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to program spending.
- Generally stable financial health with revenues often exceeding expenses.
- Positive trend in reducing liabilities from a peak of $232,366 in 2020 to $104,463 in 2023.
Frequently Asked Questions about Classical Studies Institute Of Louisville Inc
Is Classical Studies Institute Of Louisville Inc a legitimate charity?
Classical Studies Institute Of Louisville Inc (EIN: 20792441) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 88/100. It has 12 years of IRS 990 filings on record. Total revenue: $578K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Classical Studies Institute Of Louisville Inc spend its money?
Classical Studies Institute Of Louisville Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Classical Studies Institute Of Louisville Inc tax-deductible?
Classical Studies Institute Of Louisville Inc is registered as a tax-exempt nonprofit (EIN: 20792441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Classical Studies Institute Of Louisville Inc CEO make?
Classical Studies Institute Of Louisville Inc's highest-compensated officer earns $500,000, annually. The organization reported $578K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Classical Studies Institute Of Louisville Inc's spending goes to programs?
Classical Studies Institute Of Louisville Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Classical Studies Institute Of Louisville Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Classical Studies Institute Of Louisville Inc is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Classical Studies Institute Of Louisville Inc located?
Classical Studies Institute Of Louisville Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 20792441. It is classified under NTEE code B20.
How many years of IRS 990 filings does Classical Studies Institute Of Louisville Inc have?
Classical Studies Institute Of Louisville Inc has 12 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 $578K in total revenue.
Is Classical Studies Institute Of Louisville Inc a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, which suggests a high dedication to its mission. Its financial health is generally stable, with revenues typically exceeding expenses.
How does the organization manage its liabilities?
The organization's liabilities have fluctuated significantly over the years, peaking at $232,366 in 2020 and decreasing to $104,463 in 2023. While the recent trend is positive, the historical variability suggests periods of higher financial leverage.
What caused the deficit in 2022?
In 2022, the organization reported expenses of $636,125 against revenues of $565,641, resulting in a deficit. The specific causes are not detailed in the summary data, but it indicates a year where spending outpaced income.
Filing History
IRS 990 filing history for Classical Studies Institute Of Louisville Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Classical Studies Institute Of Louisville Inc's revenue has grown by 81.1%, moving from $279K to $505K. Total assets increased by 310.2% over the same period, from $57K to $236K. Total functional expenses rose by 80.4%, from $264K to $476K. In its most recent filing year (2023), Classical Studies Institute Of Louisville Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $104K in liabilities against $236K in assets (debt-to-asset ratio: 44.3%), resulting in net assets of $131K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $505K | $476K | $236K | $104K | — | — |
| 2022 | $566K | $636K | $151K | $50K | — | View 990 |
| 2021 | $797K | $681K | $286K | $114K | — | — |
| 2020 | $750K | $774K | $289K | $232K | — | View 990 |
| 2019 | $781K | $738K | $208K | $128K | — | View 990 |
| 2018 | $757K | $753K | $195K | $158K | — | View 990 |
| 2017 | $732K | $728K | $215K | $183K | — | View 990 |
| 2015 | $533K | $531K | $91K | $76K | — | View 990 |
| 2014 | $465K | $478K | $70K | $57K | — | View 990 |
| 2013 | $478K | $491K | $34K | $8K | — | View 990 |
| 2012 | $337K | $329K | $39K | $1K | — | View 990 |
| 2011 | $279K | $264K | $57K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $505K, expenses of $476K, and assets of $236K (revenue -10.7% year-over-year).
- 2022: Revenue of $566K, expenses of $636K, and assets of $151K (revenue -29.0% year-over-year).
- 2021: Revenue of $797K, expenses of $681K, and assets of $286K (revenue +6.2% year-over-year).
- 2020: Revenue of $750K, expenses of $774K, and assets of $289K (revenue -3.9% year-over-year).
- 2019: Revenue of $781K, expenses of $738K, and assets of $208K (revenue +3.1% year-over-year).
- 2018: Revenue of $757K, expenses of $753K, and assets of $195K (revenue +3.4% year-over-year).
- 2017: Revenue of $732K, expenses of $728K, and assets of $215K (revenue +37.3% year-over-year).
- 2015: Revenue of $533K, expenses of $531K, and assets of $91K (revenue +14.6% year-over-year).
- 2014: Revenue of $465K, expenses of $478K, and assets of $70K (revenue -2.7% year-over-year).
- 2013: Revenue of $478K, expenses of $491K, and assets of $34K (revenue +41.9% year-over-year).
- 2012: Revenue of $337K, expenses of $329K, and assets of $39K (revenue +20.8% year-over-year).
- 2011: Revenue of $279K, expenses of $264K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Classical Studies Institute Of Louisville Inc:
Data Sources and Methodology
This transparency report for Classical Studies Institute Of Louisville Inc 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.