Society For Classical Learning
Society For Classical Learning experiences rapid growth with no reported officer compensation, showing a slight deficit in its latest fiscal year.
EIN: 204497372 · Richmond, VA · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| Net Assets | $122K |
| Transparency Score | 92/100 |
Is Society For Classical Learning Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society For Classical Learning directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society For Classical Learning
Society For Classical Learning (EIN: 204497372) is a nonprofit organization based in Richmond, VA, classified under NTEE code X20. The organization reported total revenue of $1.4M and total assets of $328K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society For Classical Learning's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society For Classical Learning is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-116,273 |
| Total Assets | $124K |
| Total Liabilities | $3K |
| Net Assets | $122K |
| Operating Margin | -6.3% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2023, Society For Classical Learning reported a deficit of $116K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Society For Classical Learning's revenue has grown at a compound annual growth rate (CAGR) of 30.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.0% | +56.0% | -48.6% |
| 2022 | +46.1% | +51.0% | +12.9% |
| 2021 | +96.0% | +72.8% | +24.0% |
| 2020 | -5.3% | +15.5% | -16.5% |
| 2019 | +60.9% | +49.1% | +38.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7200 |
| IRS Ruling Date | 2006 |
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 Society For Classical Learning with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Society For Classical Learning allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $116K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size and suggests a volunteer-led or very lean leadership structure, directing all available funds to programs and operations.
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 Society For Classical Learning's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal period (202312) by $116,273, leading to a decrease in net assets.
Strengths
The following positive indicators were identified for Society For Classical Learning:
- Consistent and significant revenue growth over the past decade, from $270,622 in 201512 to $1,854,661 in 202312.
- Zero reported officer compensation across all 13 filings, indicating a strong commitment to directing funds towards the mission.
- Extremely low liabilities across all periods, demonstrating sound financial management and minimal debt.
- Strong program focus implied by the absence of executive compensation, suggesting a high percentage of spending on mission-related activities.
Frequently Asked Questions about Society For Classical Learning
Is Society For Classical Learning a legitimate charity?
Based on AI analysis of IRS 990 filings, Society For Classical Learning (EIN: 204497372) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Society For Classical Learning spend its money?
Society For Classical Learning directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Society For Classical Learning tax-deductible?
Society For Classical Learning is registered as a tax-exempt nonprofit (EIN: 204497372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Society For Classical Learning's spending goes to programs?
Society For Classical Learning directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Society For Classical Learning compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Society For Classical Learning is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Society For Classical Learning located?
Society For Classical Learning is headquartered in Richmond, Virginia and files with the IRS under EIN 204497372. It is classified under NTEE code X20.
How many years of IRS 990 filings does Society For Classical Learning have?
Society For Classical Learning 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 $1.4M in total revenue.
Is Society For Classical Learning a good charity?
Based on the provided data, Society For Classical Learning appears to be a very good charity. It demonstrates strong financial growth, extremely low liabilities, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings, indicating that funds are primarily directed to its programs.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $270,622 in 201512 to $1,854,661 in 202312, representing an increase of over 580% in less than a decade.
What is the organization's financial stability?
The organization generally maintains good financial stability, with low liabilities across all periods. While the 202312 filing shows expenses exceeding revenue by $116,273, this follows several years of positive net income and is supported by a history of growth and minimal debt.
Filing History
IRS 990 filing history for Society For Classical Learning showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Society For Classical Learning's revenue has grown by 2284.3%, moving from $78K to $1.9M. Total assets increased by 383.1% over the same period, from $26K to $124K. Total functional expenses rose by 2498.6%, from $76K to $2.0M. In its most recent filing year (2023), Society For Classical Learning reported a deficit of $116K, with expenses exceeding revenue. The organization holds $3K in liabilities against $124K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.0M | $124K | $3K | — | View 990 |
| 2022 | $1.3M | $1.3M | $242K | $4K | — | View 990 |
| 2021 | $881K | $837K | $214K | $70 | — | View 990 |
| 2020 | $450K | $484K | $173K | $3K | — | View 990 |
| 2019 | $475K | $419K | $207K | $2K | — | View 990 |
| 2018 | $295K | $281K | $149K | $0 | — | View 990 |
| 2017 | $385K | $317K | $135K | $0 | — | View 990 |
| 2016 | $334K | $322K | $67K | $0 | — | View 990 |
| 2015 | $271K | $313K | $55K | $0 | — | View 990 |
| 2014 | $297K | $245K | $97K | $0 | — | View 990 |
| 2013 | $212K | $207K | $45K | $0 | — | View 990 |
| 2012 | $121K | $107K | $40K | $0 | — | View 990 |
| 2011 | $78K | $76K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $124K (revenue +44.0% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $242K (revenue +46.1% year-over-year).
- 2021: Revenue of $881K, expenses of $837K, and assets of $214K (revenue +96.0% year-over-year).
- 2020: Revenue of $450K, expenses of $484K, and assets of $173K (revenue -5.3% year-over-year).
- 2019: Revenue of $475K, expenses of $419K, and assets of $207K (revenue +60.9% year-over-year).
- 2018: Revenue of $295K, expenses of $281K, and assets of $149K (revenue -23.3% year-over-year).
- 2017: Revenue of $385K, expenses of $317K, and assets of $135K (revenue +15.0% year-over-year).
- 2016: Revenue of $334K, expenses of $322K, and assets of $67K (revenue +23.6% year-over-year).
- 2015: Revenue of $271K, expenses of $313K, and assets of $55K (revenue -9.0% year-over-year).
- 2014: Revenue of $297K, expenses of $245K, and assets of $97K (revenue +40.0% year-over-year).
- 2013: Revenue of $212K, expenses of $207K, and assets of $45K (revenue +75.3% year-over-year).
- 2012: Revenue of $121K, expenses of $107K, and assets of $40K (revenue +55.7% year-over-year).
- 2011: Revenue of $78K, expenses of $76K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society For Classical Learning:
Data Sources and Methodology
This transparency report for Society For Classical Learning 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.