Philadelphia Classical School FY2024 filing

Tax-deductible

Philadelphia, PA501(c)(3)EducationEIN 45-3636604Revenue $3.8M in FY2024

On file with the IRSphilaclassical.org3301 S 20th St, 19145-5810 · Philadelphia, PATax-exempt since May 2013School — 170(b)(1)(A)(ii)

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The organization exists to assist in the education of students ages kindergarten through 12th grade in a private christian School. The organization exists to serve families by education with excellence in a christ-centered community through Classical methodology.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$158K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $97K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$158K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $489K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+35% vs prior year
Spent
$3.6M
To programs
79%
Net assets
$978K
By yearFY2021–FY2025
Revenue
$3.8M
FY2024▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.2M
FY2022$2.6M
FY2023$2.8M
FY2024$3.8M
FY2025$4.2M
Expenses
$3.6M
FY2024▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.2M
FY2022$2.3M
FY2023$2.8M
FY2024$3.6M
FY2025$4.2M
Net assets
$978K
FY2024▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2021$485K
FY2022$761K
FY2023$811K
FY2024$978K
FY2025$936K

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $2.9M Management & general 20% · $742K Fundraising 0% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $158K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$157,777Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Katharine Savage’s $176K as Head of School is at the 76th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Katharine Savage$175,906$157,777$100,585$94,050$90,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Philadelphia Classical School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates K-12 students in a Christ-centered private school using classical methods.

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Provided by the organization

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1 program · $2.9M · in their own filed words · FY2023
01

The school currently operates one program, a primary school, educating 175 students in a private chrisitian school in grades kindergarten through 12th grade.

$2.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 5 grants · $4.8M · 2020–2024
Unitemized GrantFY2024$1,235,145
Unitemized GrantFY2023$1,089,592
Unitemized GrantFY2022$832,232
Unitemized GrantFY2021$827,152
Unitemized GrantFY2020$841,742

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Fees for servicesLn 2g$2.9M
Gifts and grantsLn 1h$906K
Investment incomeLn 3$21K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.9M
Managementcol C$742K
Fundraisingcol D$14K
Owns and owesPt X
$978K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$906K
Fundraising eventsLn 1c$33K
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$21K
Other incomeLn 4–11$9K
Gains on assetsLn 7$0
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$84K
SavingsLn 2$953K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$1K
Land, buildings, equipmentLn 10c$326K
Other assetsLn 15$123K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.0M
Net assetsLn 32$978K
OperationsPt I, VI
EmployeesI 535
VolunteersI 625
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$966K$1.0M
InvestmentsLn 11–13$1K$1K
Land, buildings, equipmentLn 10c$197K$326K
Total assetsLn 16$2.5M$3.0M
LiabilitiesLn 26$1.7M$2.0M
Net assetsLn 32$811K$978K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$1.1M$1.1M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$158K$13K$145K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.3M$984K$355K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$192K$192K
Payroll taxesLn 10$127K$127K
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$22K$22K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$449K$291K$159K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$230$230
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$166K$166K
All other expensesLn 24e$50K$21K$26K$3K
Total functional expensesLn 25$3.6M$2.9M$742K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.2M$4.2M−$42K$936K 990 PDF
FY2024 Viewing $3.8M$3.6M$166K$978K 990 PDF
FY2023 $2.8M$2.8M$51K$811K 990 PDF
FY2022 $2.6M$2.3M$276K$761K 990 PDF
FY2021 $2.2M$2.2M$33K$485K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,814,009 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $431,938$905,824
I-9 Program service revenuePrior year $2,335,167$2,878,371
I-10 Investment incomePrior year $295$20,899
I-11 Other revenuePrior year $63,568$8,915
I-12 Total revenuePrior year $2,830,968$3,814,009
I-13 Grants and similar amounts paidPrior year $832,232$1,089,592
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,332,401$1,815,615
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $615,559$742,636
I-18 Total expensesPrior year $2,780,192$3,647,843
I-19 Revenue less expensesPrior year $50,776$166,166
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,814,009 across 11 lines filed
Lines not itemized here account for $64,123 of total revenue; see the IRS return.
VIII-1c Fundraising events$32,548
VIII-1f All other contributions, gifts and grants$873,276
VIII-1h Total contributions, gifts and grants$905,824
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,815,131$2,815,131
VIII-3 Investment incomeExcluded from tax $20,899$20,899
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,032$8,032
VIII-12 Total revenueRelated to mission $2,887,286 · Excluded from tax $20,899$3,814,009
Part IX · Statement of functional expenses $3,647,843 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $1,089,592$1,089,592
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $12,622 · Management $145,155$157,777
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $983,861 · Management $355,013$1,338,874
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $191,858$191,858
IX-10 Payroll taxesPrograms $127,106$127,106
IX-11a Management fees$0
IX-11b Legal feesManagement $2,600$2,600
IX-11c Accounting feesManagement $5,594$5,594
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $3,657$3,657
IX-12 Advertising and promotionFundraising $11,180$11,180
IX-13 Office expensesManagement $21,654$21,654
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $290,664 · Management $158,812$449,476
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $230$230
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $8,400$8,400
IX-23 InsuranceManagement $23,600$23,600
IX-24 Other expenses (24a–d)Programs $166,448$166,448
IX-24e All other expensesPrograms $20,535 · Management $26,121 · Fundraising $3,141$49,797
IX-25 Total functional expensesPrograms $2,891,086 · Management $742,436 · Fundraising $14,321$3,647,843
Part X · Balance sheet $2,968,820 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $106,651$83,759
X-2 Savings and temporary cash investmentsStart of year $858,932$952,814
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,279,389$1,482,725
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $196,965$325,563
X-11 Publicly traded securitiesStart of year $1,006$1,006
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $102,780$122,953
X-16 Total assetsStart of year $2,545,723$2,968,820
X-17 Accounts payable and accrued expensesStart of year $15,152$11,847
X-19 Deferred revenueStart of year $1,674,221$1,957,765
X-25 Other liabilitiesStart of year $44,909$21,538
X-26 Total liabilitiesStart of year $1,734,282$1,991,150
X-27 Net assets without donor restrictionsStart of year $811,441$977,670
X-32 Total net assets or fund balancesStart of year $811,441$977,670
X-33 Total liabilities and net assetsStart of year $2,545,723$2,968,820
Part XI · Reconciliation of net assets $977,670 net assets at year end
XI-1 Total revenue$3,814,009
XI-2 Total expenses$3,647,843
XI-3 Revenue less expenses$166,166
XI-4 Net assets at start of year$811,441
XI-9 Other changes in net assets$63
XI-10 Net assets at end of year$977,670

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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