Greyfriars Classical Academy
EIN: 263541575 · Matthews, NC · NTEE: B25
| Metric | Value |
|---|---|
| Total Revenue | $961K |
| Total Expenses | $765K |
| Net Assets | $741K |
Is Greyfriars Classical Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greyfriars Classical Academy
Greyfriars Classical Academy (EIN: 263541575) is a nonprofit organization based in Matthews, NC, classified under NTEE code B25. The organization reported total revenue of $961K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greyfriars Classical Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greyfriars Classical Academy is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 16.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $828K |
| Total Expenses | $765K |
| Surplus / Deficit | +$63K |
| Total Assets | $825K |
| Total Liabilities | $84K |
| Net Assets | $741K |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 10.2% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2024, Greyfriars Classical Academy reported a surplus of $63K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 10.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Greyfriars Classical Academy's revenue has grown at a compound annual growth rate (CAGR) of 16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.2% | +21.3% | +8.9% |
| 2023 | +4.8% | +16.3% | +19.7% |
| 2022 | +15.6% | +13.1% | +39.3% |
| 2021 | +40.2% | +2.2% | +48.1% |
| 2020 | -20.0% | +3.2% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greyfriars Classical Academy 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 Greyfriars Classical Academy 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.2%.
Frequently Asked Questions about Greyfriars Classical Academy
Is Greyfriars Classical Academy a legitimate charity?
Greyfriars Classical Academy (EIN: 263541575) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $961K. No red flags identified. Financial health grade: A.
How does Greyfriars Classical Academy spend its money?
Greyfriars Classical Academy reported $961K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greyfriars Classical Academy tax-deductible?
Greyfriars Classical Academy is registered as a tax-exempt nonprofit (EIN: 263541575). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greyfriars Classical Academy located?
Greyfriars Classical Academy is headquartered in Matthews, North Carolina and files with the IRS under EIN 263541575. It is classified under NTEE code B25.
How many years of IRS 990 filings does Greyfriars Classical Academy have?
Greyfriars Classical Academy has 13 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 $961K in total revenue.
Filing History
IRS 990 filing history for Greyfriars Classical Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Greyfriars Classical Academy's revenue has grown by 599.6%, moving from $118K to $828K. Total assets increased by 2121.8% over the same period, from $37K to $825K. Total functional expenses rose by 497%, from $128K to $765K. In its most recent filing year (2024), Greyfriars Classical Academy reported a surplus of $63K, with revenue exceeding expenses. The organization holds $84K in liabilities against $825K in assets (debt-to-asset ratio: 10.2%), resulting in net assets of $741K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $828K | $765K | $825K | $84K | — | — |
| 2023 | $758K | $630K | $757K | $79K | — | View 990 |
| 2022 | $723K | $542K | $633K | $73K | — | View 990 |
| 2021 | $626K | $479K | $454K | $68K | — | View 990 |
| 2020 | $446K | $469K | $307K | $56K | — | View 990 |
| 2019 | $558K | $454K | $327K | $37K | — | — |
| 2018 | $463K | $418K | $222K | $23K | — | — |
| 2017 | $401K | $399K | $177K | $10K | — | — |
| 2015 | $306K | $252K | $154K | $2K | — | View 990 |
| 2014 | $292K | $263K | $100K | $2K | — | View 990 |
| 2013 | $237K | $234K | $70K | $0 | — | View 990 |
| 2012 | $209K | $177K | $69K | $2K | — | View 990 |
| 2011 | $118K | $128K | $37K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $828K, expenses of $765K, and assets of $825K (revenue +9.2% year-over-year).
- 2023: Revenue of $758K, expenses of $630K, and assets of $757K (revenue +4.8% year-over-year).
- 2022: Revenue of $723K, expenses of $542K, and assets of $633K (revenue +15.6% year-over-year).
- 2021: Revenue of $626K, expenses of $479K, and assets of $454K (revenue +40.2% year-over-year).
- 2020: Revenue of $446K, expenses of $469K, and assets of $307K (revenue -20.0% year-over-year).
- 2019: Revenue of $558K, expenses of $454K, and assets of $327K (revenue +20.5% year-over-year).
- 2018: Revenue of $463K, expenses of $418K, and assets of $222K (revenue +15.4% year-over-year).
- 2017: Revenue of $401K, expenses of $399K, and assets of $177K (revenue +31.2% year-over-year).
- 2015: Revenue of $306K, expenses of $252K, and assets of $154K (revenue +4.8% year-over-year).
- 2014: Revenue of $292K, expenses of $263K, and assets of $100K (revenue +22.8% year-over-year).
- 2013: Revenue of $237K, expenses of $234K, and assets of $70K (revenue +13.4% year-over-year).
- 2012: Revenue of $209K, expenses of $177K, and assets of $69K (revenue +77.0% year-over-year).
- 2011: Revenue of $118K, expenses of $128K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greyfriars Classical Academy:
Data Sources and Methodology
This transparency report for Greyfriars Classical Academy 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.